UK wind subsidies go negative

Plus: Putin’s gas-fired power play, stranded asset risks exaggerated + MORE

First up: There’s only one story worth talking about this week: soaring European energy prices. It’s complicated, so today’s break-out story is a bit longer than usual.

And: A corollary of crazily high power prices is, yes, negative subsidies. Wind farms are now paying money back to the UK government.

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Here’s the line-up:

💥Too much politics, not enough gas – Dissecting the European energy crunch

⚡Transition lines:

• Wind subsidies go negative as UK power prices soar

• Humanity is getting better at extracting economic value from oil

• Are stranded asset risks being exaggerated?

• And more…

🧠Energised minds:

• Unsound monetary policies incentivise wasteful oil …