The energy crisis is intensifying! Electricity prices in Europe are soaring or triggering a "blackout wave"...

With the re-outbreak of the European energy crisis, energy costs are breaking records day by day, in addition to industries such as metals and fertilizers have begun to reduce production, ordinary consumers have not been spared - Kosovo began to cut off the power supply to its 2 million people, Europe finally tasted how serious the energy crisis will be this winter.

Kosovo, the Balkan country, is one of the poorest regions in Europe, and power distributor KEDS said in a statement that the country would have a two-hour rotational blackout for most consumers starting Thursday. Serbia was forced to cut off electricity supply to some consumers two weeks ago, and British network operators issued their first winter power supply alert earlier this month.

Kosovo's power system is "overloaded", according to power company KEDS, which calls for "maximum energy savings". Kosovo's economy minister, Artane Rizvanolli, said last week that a unit of Kosovo's main coal-fired power plant had failed, exacerbating the usual winter power shortage and requiring "extremely expensive" imported electricity to replenish. It is estimated that local electricity production currently accounts for less than one-third of consumption.

European electricity prices are soaring, and electricity prices in many countries have reached a record high. Local analysts warned that European natural gas prices rose as highly as 729 percent this year, electricity prices soared 500 percent, and if the price increases continue, the worst-case scenario could trigger a "market crisis."

Europe's energy crisis is worsening as the coldest months of winter remain ahead, Russia restricts gas supplies, and soaring gas and electricity prices force the industrial sector to limit production and trigger supplier closures.

Temperatures in most European cities are forecast to drop below freezing this week, which will put more pressure on the European grid. Local weather forecasters predict that the rest of December in Europe will be colder than in previous years, and this situation will continue until January next year, and the shortage of local new energy power generation will most likely continue.

Jeremy Weir, chief executive of commodities trader Trafigura Group, warned last month that Europe could experience a turn-in-blackout if winters are cold.

In addition, the sharp decline in nuclear power generation in France has also exacerbated the tight power supply situation in Europe. Last week Electricite de France SA announced that it had shut down four nuclear reactors for maintenance and other reasons.

France is Europe's traditional exporter of electricity, and the shutdown of nuclear power units allowed France to import more than 11GW of electricity from Germany and Belgium on Monday. Germany will also shut down nearly half of its nuclear power capacity by the end of the year, which will put further pressure on the European grid.