The Strait of Hormuz blockade has revealed that Europe has replaced Russian gas with unpredictable LNG prices. This is driving up energy costs for both businesses and households, Oxford researchers say.

 

Solar power is being added faster than new power lines and batteries can be built. When the grid cannot absorb the surplus electricity, prices fall below zero on sunny days.

 

Previous rulings by the Court of Justice of the EU suggest that Slovakia will not succeed with its arguments concerning the violation of its veto power and energy sovereignty.

 

Agreements with the United States require countries to adjust their legislation in favor of U.S. LNG imports. Slovakia will gain more secure gas supplies, but prices will be less predictable.