An energy crisis refers to a significant disruption in the supply and demand of energy resources, typically characterized by shortages, rising prices, or instability in energy availability. This situation can arise from various factors such as geopolitical conflicts, natural disasters, supply chain disruptions, or shifts in policy and regulation affecting energy production and consumption. An energy crisis can lead to widespread economic consequences, including inflation, reduced economic output, and increased costs for consumers and businesses. It often prompts governments to seek alternative energy sources, implement conservation measures, and promote energy efficiency to mitigate the crisis’s impact and prevent future occurrences.
The utility landscape in Connecticut is facing a serious challenge. With regulators entwined in the turmoil, credit ratings from top agencies like S&P and Moody’s have plummeted, affecting numerous companies…