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European carbon prices fall amid competitiveness concerns

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February 17, 2026

European gas exports to Ukraine surge and reshape winter gas flows

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February 17, 2026

The need for greater European gas market integration

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February 12, 2026

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Chart showing gas as the largest driver of UK electricity bill increases between 2021 and 2025

Gas still drives UK electricity prices despite renewables growth

UK electricity prices continue to be strongly influenced by gas because gas-fired power plants still set the marginal price during most hours of the day. Although renewable generation has expanded rapidly, the structure of the UK power market means wholesale gas prices continue to determine electricity costs across much of the system. As a result, fluctuations in gas markets remain […]

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Chart showing barriers to grid connection of data centres in Europe, led by infrastructure constraints and processing delays

AI energy demand surge set to raise Europe’s power needs while adding grid pressure

AI energy demand is emerging as a major new driver of Europe’s electricity consumption as the rapid expansion of data centres accelerates power needs across the region. The report highlights that integrating the growing electricity requirements of AI infrastructure will require significant grid investment, forward planning and system flexibility to avoid congestion and reliability risks. Concentrated demand from large data […]

Chart of European electricity market prices by country in euros per megawatt-hour during February

European electricity prices fall across most markets as Iberia decouples and Nordics surge

European electricity prices trended downward across most major markets during the second week of February, although weekly averages remained above €90/MWh in many regions. The Iberian market continued to diverge from the rest of Europe, recording exceptionally low prices in several sessions, while the Nordic market registered the highest weekly averages, reaching levels not seen in years. Lower electricity demand […]

Map showing global gas market hubs and benchmark prices including TTF, NBP, Henry Hub and JKM

European gas market faces structural shift as Russian gas phase-out accelerates

European gas market fundamentals are being reshaped as the phase-out of Russian pipeline gas accelerates the region’s transition toward diversified import sources and greater reliance on LNG. The report highlights that Europe, as a mature importing region with declining domestic production, must increasingly depend on flexible global supply and expanded infrastructure to ensure security of supply. This shift is reinforcing […]