Europe survived its winter energy crisis, but what happens next year?

Six months ago, Europe was facing an unprecedented energy crisis. Gas price spikes, largely caused by Russia’s invasion of Ukraine, have sent energy costs skyrocketing and sparked a global scramble for energy supplies. H.The press has warned of a nightmare scenario that would cause rolling blackouts and fuel shortages in the winter, collapsing Europe’s economies and endangering lives.

Compounding the problem was the 1-in-500-year drought. This has led to a dramatic drop in hydroelectric production, hurting output from an already beleaguered European network…