Can Germany Revive Its Industry Without Cheap Energy?

The new German government that will be formed following this weekend’s elections will face an uphill battle to lift Europe’s largest economy out of two consecutive years of recession. Bringing energy costs down will be key to Germany’s economic recovery after three years of spiking and highly volatile power and natural gas prices after the shock energy crisis in 2022. Domestic power prices have been very volatile in recent months amid low wind speeds. Germany has been experiencing lower-than-normal winds for four months, which…