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European electricity prices rise during heatwaves in France and Hungary, with sharp early-evening peaks

European power demand surges as heatwaves test generation

European power demand rose sharply during the June and July 2026 heatwaves, increasing by as much as 28% in Italy, 23% in Hungary, 14% in France and 13% in Spain. Record solar generation helped meet daytime demand, but constraints on gas-fired and other thermal generation, combined with declining solar output in the evening, contributed to tighter supply conditions, greater reliance […]

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European electricity market prices across major European markets in mid-August 2026

European power prices rise as TTF gas climbs and wind generation falls

European power prices increased across almost all major markets in the second week of August, with weekly averages exceeding €128/MWh everywhere except Nord Pool. Higher TTF gas prices and weaker wind generation drove the increase, while Italy was the only major market to record a decline. France and Great Britain recorded the strongest price increases, both rising 25% week on […]

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Great Britain 1-in-20 peak gas demand across energy pathways from 2025 to 2050

UK gas market roadmap sets out challenges to 2050

The UK gas market will need to adapt significantly as declining demand, increasing import dependence and the emergence of low-carbon gases reshape the energy system through to 2050. The roadmap identifies three central challenges: managing the gas market transition, maintaining market resilience, and integrating emerging markets including hydrogen, biomethane and CCUS. The roadmap highlights growing pressure on existing charging, cost-recovery […]

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Low gas injections into European gas storage inventories in 2026 compared with 2025 and 2022

European gas storage rebuilding struggles amid tight LNG supply

European gas storage is one of several energy market themes examined in this latest market update, which also covers oil, EU carbon allowances and wider commodity markets. We highlight its European gas analysis in particular, where slower storage injections, increasing competition with Asia for LNG cargoes and an unfavourable TTF curve are raising concerns over the pace of inventory rebuilding […]

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EUROPEAN GAS INSIGHTS
UPCOMING EVENTS