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The Days of Energy Deregulation Are Over in Europe

The New York Times · Stanley Reed · last updated

As prices soar, Britain has joined other countries in tightening control of gas and electricity markets, reversing years of free-market policies.

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Related Knowledge Center: Energy security and pricing

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The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.

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