europe

Europe: Geopolitical tensions lift brent above $60 while CO₂ prices hit new highs Read More »

Europe: Geopolitical tensions lift brent above $60 while CO₂ prices hit new highs

During the second week of January, Brent front-month futures remained above $60/bbl for almost the entire period, except on January 7, when they fell to their weekly minimum of $59.96/bbl. Prices strengthened toward the end of the week, and on Friday, January 9, they reached a weekly maximum of $63.34/bbl, which was 4.3% higher than […]

Europe: Power prices climb in early 2026 as CO₂ costs rise and renewables weaken Read More »

Europe: Power prices climb in early 2026 as CO₂ costs rise and renewables weaken

During the second week of 2026, electricity prices rose in most major European markets, particularly during the first four days of the week. As a result, weekly average prices increased across almost all markets, with the notable exception of the Iberian MIBEL market of Spain and Portugal, which recorded a decline of 11%. The Nordic

Europe: Cold snap pushes electricity demand higher at the start of January Read More »

Europe: Cold snap pushes electricity demand higher at the start of January

During the first week of January, electricity demand increased across the main European markets compared to the previous week. Italy recorded the strongest growth, with demand rising by 19%. In Spain, Germany, Belgium, Great Britain and Portugal, increases ranged between 11% and 17%, with Portugal at the upper end of this range. Most of these

Europe’s renewable surge: Spain and Italy set new January records as solar and wind trends diverge Read More »

Europe’s renewable surge: Spain and Italy set new January records as solar and wind trends diverge

During the week of January 5, solar photovoltaic production increased strongly in the Iberian Peninsula, while most central European markets recorded declines. Spain showed the largest growth, with production rising by 39%, whereas Portugal followed with a more moderate increase of 16%. In contrast, Italy, Germany and France all experienced downturns in output. After two

CBAM and the unintended collision between Europe’s climate policy and its renewable-industrial base Read More »

CBAM and the unintended collision between Europe’s climate policy and its renewable-industrial base

The entry into force of the Carbon Border Adjustment Mechanism on January 1 is not occurring in isolation. Its effects extend well beyond traditional heavy industry and are beginning to intersect with the European Union’s renewable energy, battery and broader clean-technology value chains in ways that were insufficiently anticipated during the design phase of the

EU solar surges in 2025: Record growth highlights need for flexibility amid stagnant demand Read More »

EU solar surges in 2025: Record growth highlights need for flexibility amid stagnant demand

Last year marked a turning point for solar power in the European Union, according to data from Eurelectric. Electricity generation from solar installations surged to more than 340 TWh, lifting solar’s share in the EU energy mix to a record 12.5 % and contributing to a reduction of overall emissions to around 45 % of

Europe: TTF gas rises amid January cold snap as Bulgaria debuts official natural gas price assessments Read More »

Europe: TTF gas rises amid January cold snap as Bulgaria debuts official natural gas price assessments

TTF front-month gas contracts traded near €27.5–28/MWh early in the first week of January 2026, hitting six-week highs on Friday, January 2, as a cold snap increased heating demand across much of Europe. Despite the rise, prices remained well below levels seen in previous years, reflecting an ongoing bear trend supported by ample global supply

Solar as the new balancing power: How pv output in 2025 is reshaping energy saldos and flexibility economics in south-east europe Read More »

Solar as the new balancing power: How pv output in 2025 is reshaping energy saldos and flexibility economics in south-east europe

By 2025 solar photovoltaic generation has firmly graduated from niche to structural in the South-East European energy mix. Across the region, PV now produces measurable terawatt-hour volumes, depresses midday prices, reshapes import/export saldos and dramatically increases the need for balancing energy as grids adjust to steeper intraday swings. The story is not uniform by country,

Europe cuts the cord as Russian gas exports collapse to 1970s levels Read More »

Europe cuts the cord as Russian gas exports collapse to 1970s levels

Russian natural gas deliveries to European markets collapsed in 2025, plunging by roughly 44% compared with the previous year and hitting their lowest level since the mid-1970s. This historic decline followed the shutdown of the Ukrainian transit corridor in January and the European Union’s accelerating campaign to phase out Russian fossil fuel imports. Earlier this

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