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.

A HUMBLE REQUEST: If you are sharing Energy Flux content with friends and colleagues, firstly thank you for spreading the word! Please also remind eager readers that this solo editorial venture relies entirely on paying members to keep it going. Discounts are available for corporate accounts – please ask for details if you need a multi-user licence.

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 …