Finance & economics | Good day sunshine

The energy crisis and Europe’s astonishing luck

National leaders must make the most of the good weather

A sailor paddles out to a yacht in the marina at Old Port in Marseille, France, on Thursday, Jan. 5, 2023. Europe is set for the warmest January in years, easing an energy crunch that has hammered the region for months. Photographer: Jeremy Suykur/Bloomberg via Getty Images
Image: Getty Images

Visitors to warsaw at this time of year do not usually bask in temperatures nearing 20°C. Bilbao tends to be frosty, not tropical, in January. But this winter is a strange one. Temperature records are being broken across Europe and energy prices are plummeting: the price of natural gas at the continent’s main hub has fallen to levels last seen before the war in Ukraine.

This article appeared in the Finance & economics section of the print edition under the headline “Good day sunshine”

From the January 14th 2023 edition

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