Sky-high wholesale prices, struggling incumbents, skyrocketing bills: the European electricity market has been experiencing unprecedented upheaval since the start of the war in Ukraine.
If the European Union is about to reform the way it fixes prices, there is a real risk for the sector, believes the Black Rock investment fund colossus.
Jean-Francois Cirelli, former deputy general manager of Engie, and president of the investment fund for France, Belgium and Luxembourg thus fears a “Lehman Brothers of energy” in reference to the bankruptcy of the American business bank, devastated by the subprime crisis .
not the correct view
“We don’t have a good vision of what has happened in energy for 15 years,” he explains on the set of Good Business Afternoon this Thursday. “There are markets, like the financial markets. The only big difference between the energy markets and the financial markets is that in the latter, when things go wrong, there is someone beyond which they can intervene, it is the Central Bank.”
Source: BFM TV
