Over the past few days temperatures in Europe plummeted to record levels. In Germany, temperatures fell below -25 C last Monday. People have been using record levels of natural gas and electricity to stay warm. Energy prices are soaring in UK as some of the gas companies export the supply to continental Europe to meet the demand at much higher prices. Gas supplies to many countries in Europe were severely affected recently due to the dispute between Ukraine and Russia. However Russia is set to restart the supply tomorrow (Tuesday) morning as per the BBC.

In light of the unfolding situation it might be a good idea to invest in utility companies of Europe. Some of the utilities are listed below with their tickers and link to Yahoo Finance:

1. BP PLc – BP

2.Royal Dutch Shell – RDS.A & RDS.B

3. GDF SUEZ SP ADR – OTC: GDFZY.PK

4. Eni Spa – E

5. E.ON AG – OTC: EONGY

6. RWE AG – OTC: RWEOY

7. Energias de Portugal – OTC: EDPFY

8.Iberdrola – OTC: IBDRY

9. Veolia Environnement – VE