Electricity prices across Europe are set to surge by up to 27% next summer, driven by spiking gas costs and dwindling output from nuclear and hydropower facilities. For energy-intensive industrial hubs like Germany, this spells trouble. With its manufacturing sector already grappling with high operating costs, a further hike in energy prices risks deepening economic vulnerabilities and eroding global competitiveness.

The whole madness that is the name of Germany's energy turnaround. It has gotten completely out of hand.