Tracy Shuchart (𝒞𝒽𝒾 )(@chigrl):Europe’s Winter Power Surge Is Biggest Since Energy Crisis As Europe heads into winter, electricity markets are flashing their strongest warning since the energy crisis. Wholesale power for January in Germany, the region’s biggest economy, is trading above €180 a megawatt-hour on the European Energy Exchange, up more than 60% from a year earlier. The main driver is natural gas, which has surged in recent weeks as Europe struggles to refill storage amid intensifying competition for the fuel. The Iran war has added to the pressure, with the closure of the Strait of Hormuz cutting off supplies from Qatar. (Bloomberg)

2026.09.19 10:10

Europe’s Winter Power Surge Is Biggest Since Energy Crisis As Europe heads into winter, electricity markets are flashing their strongest warning since the energy crisis. Wholesale power for January in Germany, the region’s biggest economy, is trading above €180 a megawatt-hour on the European Energy Exchange, up more than 60% from a year earlier. The main driver is natural gas, which has surged in recent weeks as Europe struggles to refill storage amid intensifying competition for the fuel. The Iran war has added to the pressure, with the closure of the Strait of Hormuz cutting off supplies from Qatar. (Bloomberg)

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