All over Europe politicians are finally coming up with their policies which are designed to mitigate the huge increase in natural gas prices – not long term stuff about using less gas, but consumer price protection, to prevent a recession and a wages price spiral. Last week we noted the European Commissioner Ursula von Der Leyen implementing a windfall tax on renewable energy companies, and this week in the UK new Prime Minister Liz Truss announced the UK strategy – an Energy Price Guarantee – part subsidy, part promise – funded no-one is quite sure how. The precise technical details may still be obscured, but in every case, it the strategy is to allow the common wholesale energy auction to…