In 2015 when the US state of Massachusetts encouraged energy companies around the world to bid on the rights to construct offshore wind turbines in four areas off the coast, the interest was minimal. The state sold the licenses for two of the areas at major discounts after just two rounds of bidding.
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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.