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Chart showing European electricity market prices in June 2026 across Germany, France, Spain, Italy, Great Britain, Belgium, Netherlands, Portugal and Nord Pool

European power prices rise as heat wave drives demand across key markets

European power prices increased sharply in the final week of June as a heat wave lifted electricity demand across major markets. Lower wind generation in Germany and Italy, together with gas prices remaining above €40/MWh, also supported higher prices. European power prices rose across major markets in the fourth week of June as higher temperatures pushed electricity demand higher. Weekly […]

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Chart showing Germany’s daily electricity prices and generation from wind, solar, coal and natural gas in November 2024

Europe can’t afford to lose its gas-fired generation

European gas-fired generation remains essential to maintaining electricity system reliability when wind and solar output falls. This policy brief argues that Europe has shifted from a dependence on imported gas to a structural dependence on flexible gas-fired power, making a coordinated transition strategy essential before existing capacity is retired. During Dunkelflaute periods, gas plants provide fast dispatchable backup, but they […]

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Chart showing 2026 year-on-year changes in global LNG imports by Asia, Europe and other regions

European LNG demand is not going away anytime soon

European LNG demand is expected to remain a defining feature of the continent’s energy system for years to come, according to the latest Global LNG Outlook. While global attention is focused on rising demand across Asia, the report shows that Europe’s need for LNG will remain substantial as declining domestic gas production, lower Russian pipeline supplies and the need to […]

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Illustrative map of Europe in yellow indicating interconnectors, with a small legend; to the right, a bar chart titled 'Power generation delta of Base case to +25% NTC Scenario' showing negative gray bar and positive green bars, caption indicating 2040 changes in electricity generation from low-carbon and gas-fired sources.

Power grid investment could reduce European gas-fired generation by 8%

European gas-fired generation could be reduced by approximately 35 TWh (8%) by 2040 if Europe expands its cross-border electricity grid. The report argues that stronger grids are essential for integrating more renewable energy, improving energy security and lowering dependence on imported fossil fuels. Gas-fired generation could play a smaller role in Europe’s power mix if grid expansion keeps pace with […]

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EUROPEAN GAS INSIGHTS
UPCOMING EVENTS