Political Turmoil in France Could Worsen Europe’s Energy Problems

Europe’s natural gas and power prices are rallying again as the proper heating season begins, adding to concerns that a new energy crisis is brewing. The political turmoil in the top European electricity exporter and second-largest economy, France, certainly is not helping. A prolonged government crisis after the ousting of Prime Minister Michel Barnier last week could result in reduced electricity exports from France to its interconnected markets, including Germany and Italy, Reuters market analyst Gavin Maguire argues. This would be another…