“Heavy snow and sub-zero temperatures disrupted road, rail and air transport in many parts of northern Europe on Wednesday while the Mediterranean island of Cyprus suffered in the heat after its driest November in more than a century.
Britain laboured under its worst early winter weather in almost two decades, with Edinburgh airport and London’s Gatwick airport closed. Snow blanketed much of the country, causing delays on major roads and railway lines.
British gas and power prices soared on increased domestic consumption and demand for electrical power from neighbouring countries such as France and Belgium also hit by the cold.
“It’s insane, there’s a lot of panic,” one gas market participant said. “If we have the smallest supply issue it’s going to be worrisome.”
Temperatures in parts of Germany reached a record -18 degrees Celsius for December 1 and there has been heavy snowfall. Flights at Frankfurt airport, one of Europe’s chief hubs, were disrupted.”
Read more: Reuters



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