Germany is ordering an extension in the life of the country’s three remaining #nuclear plants until mid-April 2023 -- a dramatic reversal of an earlier decision -- as the country contends with an unprecedented energy crisis. By Arne Delfs Petra Sorge trib.al/ffoBMF5

Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its ambitious climate goals bloomberg.com/news/articles/… via Bloomberg Todd Gillespie Josefine Fokuhl

More daylight from here on out….

UK households see living standards fall for a 4th quarter bloomberg.com/news/articles/…

Mild weather in Europe (and forecast of even warmer around New Year), strong wind generation, and low Christmas demand are curbing nat gas consumption in Europe significantly, allowing inventories to build counter-seasonally. TTF is down to ~€78 per MWh, lowest since February

The UK faces a brutal reality: either taxes are raised, free NHS services are cut, other government departments are effectively scrapped — or the health service breaks bloomberg.com/news/features/… via Bloomberg Politics

ELEMENTS is the daily Bloomberg energy and commodities newsletter. Get it every weekday (free!!!) subscribing here: bloomberg.com/account/newsle… ELEMENTS include daily @Opinion commentary, chart of the day, our top news stories, and links to stories and research from others.

If you read only one thing about Europe's energy transition since Russia's invasion of Ukraine, it should be this, from Will Mathis and Akshat Rathi: bloomberg.com/news/features/… via Bloomberg

While at the height of the energy crisis some EU leaders pledged a massive overhaul of the power market, what’s likely to emerge is anything but radical. bloomberg.com/news/articles/… via John Ainger Ewa Krukowska Petra Sorge

The UK faces a blast of Arctic weather, boosting demand for natural gas and testing the country’s energy networks in the final weeks of winter trib.al/xaadY8S

Looking for premium gasoline? It will cost you trib.al/UB6NLG2

There's an octane shortage in the Atlantic Basin. And it's making premium gasoline even more expensive. Barbara Powell Rachel Graham bloomberg.com/news/articles/… via Bloomberg Markets

Europe survived the most perilous stretch of its energy crisis without significant supply disruptions. Then workers in France went on strike, roiling activities from ports to power plants bloomberg.com/news/articles/… via Bloomberg Markets francois de beaupuy Anna Shiryaevskaya Brian Wingfield

Turkey is about to start producing gas in the Black Sea's biggest field, in a flagship project that could boost Erdogan's image and lower Turks' energy bills -- just in time for next month's elections. ⤵️ Via Bloomberg Energy bloomberg.com/news/articles/…

Europe’s oil refiners, already making do without longstanding shipments of Russian crude, are now struggling with the loss of similar supplies from other nations trib.al/fuiIvFa

It would 4,700 years for England to reach its onshore wind power target at the current rate, a study finds bloomberg.com/news/articles/… via Bloomberg Will Mathis

Post-Brexit drift...Investors aren’t convinced that Prime Minister Rishi Sunak’s plans will be enough to jumpstart growth bloomberg.com/news/features/… via Bloomberg Politics

London water crisis exposes 'broken Britain' danger for Sunak bloomberg.com/news/articles/… via Bloomberg Politics

High borrowing costs are destroying dreams of homeownership around the world bloomberg.com/news/articles/… via Bloomberg Wealth

Red Sea maps show how the global economy is being hit by the Houthi attacks bloomberg.com/news/features/… via Bloomberg Economics