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Ari Winkleman

The Graphic Truth: Natural gas prices make EU power costs soar

EU natural gas prices have gone through the roof since Russia invaded Ukraine and cut off gas flows. This has sent European electric bills soaring — to the point that Brussels is ready to intervene in energy markets to protect consumers.

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Paige Fusco

With electric bills soaring, should the EU cap natural gas prices?

Energy prices in the EU have skyrocketed since Russia invaded Ukraine. This week, the cost of electricity across the bloc reached 10 times the decade-long average — mainly due to surging gas prices as a result of Moscow cutting natural gas supplies as payback for sanctions.

As consumers feel the pinch, EU leaders are now under intense pressure to do something to tame runaway energy costs. One way is putting a cap on gas prices for electricity.

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A person wearing a Sudan's flag stand in front of a burning pile of tyres during a protest against prospect of military rule in Khartoum, Sudan October 21, 2021.

REUTERS/Mohamed Nureldin Abdallah

What We’re Watching: Sudanese protesters vs each other, NBA vs China, EU vs Poland

Protests in Sudan: Protests are again shaking the Sudanese capital, as supporters of rival wings of the transitional government take to the streets. Back in 2019, after popular demonstrations led to the ouster of longtime autocrat Omar al-Bashir, a deal was struck between civilian activists and the army, in which a joint civilian-military government would run the country until fresh elections could be held in 2023. But now supporters of the military wing are calling on it to dissolve the government entirely, while supporters of the civilian wing are counter-protesting. Making matters worse, a pro-military tribal leader in Eastern Sudan has set up a blockade which is interrupting the flow of goods and food to the capital. The US, which backs the civilian wing, has sent an envoy to Khartoum as tensions rise, while Egypt, the UAE, Saudi Arabia, and Turkey are all vying for a piece as well.

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