The European Energy Market is not an EU thing, but as a resident of Skåne I concur with your view. Germany got rid of Nuclear too early so, on occasion where the wind doesn’t blow and the sun doesn’t shine there, we get exposed to extreme and uncapped price changes. I pay hourly and this is my power bill for December so far. Just power, no extras. €50 for ONE day. Luckily we have had a warm spell, it has been windier than usual and I haven’t needed to use the EV since.