The Standard & Poor's rating agency estimates that "Europe's energy bill will exceed its pre-pandemic levels
by well over one trillion euros" as a result of the Russian gas export squeeze.
"The high prices will aggravate the question of who should bear this massive financial burden," reads a report by the rating agency dedicated to European utilities.
The "indefinite" closure of Nord Stream, which S&P considers "permanent" in its baseline scenario, adds pressure on energy companies in relation to prices, gas and electricity supplies and their liquidity.
Volatile start-up for gas on the Amsterdam market
with the price of futures on the TTF which fluctuated between a maximum of 247 euros per megawatt hour (3%) at the start of the session and a minimum of 225 euros (-6.2%).
At the moment the European gas price benchmark drops 4.5% to 229 euros, with operators weighing the countermeasures - starting from the price cap - that Europe is working on to respond to the squeeze of Russia and its effects on prices.
ANSA agency
Gas: here is the plan to save, -1 degree for heating - Economy
Il Mite has published the Regulation to "immediately achieve useful savings at a European level to prepare for any interruptions in gas supplies from Russia" (ANSA)
"
We have to take a break and reset the Ttf index",
the Amsterdam benchmark index of gas prices in Europe.
"The volatility of this market is not under control", "it does not reflect the real price of imported gas in Europe but rather the concern", there is "a speculative approach".
"We support a ceiling on the volatility of the index".
This was stated by the president of Enel, Francesco Starace, speaking at the meeting 'Mitigating the energy shock' during the annual conference of the Brugel think tank.
The increasingly strong signs of a slowdown in the world economy and a recession in some countries, the strengthening of the dollar and the new heavy lockdowns in China due to Covid,
Texas WTI crude fell 1.69% to $ 85 a barrel, returning to January levels.
The North Sea Brent marks a decrease of 1.31% to 91.52 dollars.
The spread of BTPs and German Bund widens
at the start of the session to 235 basis points compared to 232.9 points at the end of Tuesday.
The yield of the Italian ten-year remained almost stable at 3.96%.
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