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Heating in the EU is mostly oil and gas. It needs electricity to run, but not enough that electricity prices are a major issue.

In the end the question is how fast the market reacts. Plant shut downs are predictable events years into the future, and in the event of an impeding black out energy prices on the spot market are going to be insane. That seems like a great incentive to build anything you can get past Nimbys fast enough. And the biggest industrial consumers shut down anyways as electricity prices rise (bad for the economy, great for the grid).



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