Jaws dropped when the winning price in the tender for Danish offshore wind farm Kriegers Flak was announced.
With a guaranteed support price of just DKK 0.372 (EUR 0.049) per kWh, Sweden's Vattenfall broke a world record in cheap offshore wind. The record was taken from formerly cheapest Dong Energy, which as recently as this summer won a Dutch tender with a price of just DKK 0.54 per kWh.
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European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.