The energy sector is having a tumultuous decade. During the COVID pandemic, the price of oil plummeted. In 2021, a ransomware attack forced one of the US’s most significant oil pipelines to cease operations for five days, causing a state of emergency in seventeen states. Putin’s war in Ukraine has disrupted natural gas supplies across Europe. And now, it seems, it is the electricity providers’ turn to suffer a blow. On March 11th, 2024, the European Commission adopted new cybersecurity rules—the EU network code on cybersecurity for the electricity sector (C/2024/1383)—to “establish a recurrent...
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