“There is inter-fuel competition, when prices for one type of energy rises, others are cheaper, the demand for them becomes greater,” RIA Novosti quotes Novak's answer to the question about the risk of refusing gas in favor of renewable energy sources due to high prices.

According to him, the Russian side sees such risks and is interested not in high, but in competitive prices.

Earlier, Russian President Vladimir Putin said that the shortage of electricity was the reason for the rise in gas prices in Europe, and not vice versa.

Keywords: novak, renewable energy sources, gas prices, russia, others, res, transition, shortage, vladimir putin, prices, competition, gas, energy rises, risk, answer