Financial TimesFinancial Times

Europe’s energy plan: Is it enough to get through winter?

By Leila Abboud and Sam Fleming

29 Sep 2022 · 9 min read

Editor's Note

Europe is just a few winter cold snaps away from a dire gas and electricity shortage. This FT deep dive shows how the EU is only just starting to feel the economic pain and political fallout.

Emmanuel Macron had a simple message last week for French businesses preparing to sign punishingly costly energy contracts: don’t do it.

Companies should spurn the “crazy prices” currently on offer, the French president said, insisting that European governments would succeed in making markets work again and bringing costs back down to reasonable levels.

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