Energy costs surge in Europe without Russian gas supplies – Los Angeles Times

by | Oct 31, 2022 | Energy

MONTEROSSO AL MARE, Italy —  For years, Antonio Scognamillo paid $1,200 a month to power La Smorfia, his cozy pizzeria offering dozens of styles of pies in this hilly, medieval tourist enclave by the Ligurian Sea.That was before energy and food costs soared in the wake of the Russian invasion of Ukraine, threatening the future of his long-profitable business. Today, Scognamillo stares down at a $5,200 monthly power bill — on top of 40% increase in costs for mozzarella, grain and flour in a country where inflation is now at a 40-year high.AdvertisementAnd it could soon get even worse. On Saturday, Russia said that it would pull out of a United Nations-brokered deal to allow grain exports from Ukraine, adding another layer to the toll of war that’s reached across the globe.“It’s 50,000 [euros] I didn’t make this year,” Scognamillo, 45, recently said with exasperation in his Cinque Terre region shop where the toppings offered include prawns, prosciutto and Genoese pesto. “Everything is more expensive. But my salary is the same.”Since Russia, long Europe’s biggest natural gas supplier, cut off much of the continent last spring in retaliation for supporting Ukraine, energy costs from London to Warsaw have soared to unprecedented levels. French President Emmanuel Macron speaks at a European Union summit this month in Brussels, where leaders discussed where they stood on imposing a gas price cap.(Geert Vanden Wijngaert / Associated Press) Over the summer, countries scrambled to fill reserves by upping flows from Norway a …

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