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Wholesale electricity prices down in most European markets

During the second week of July, electricity prices in most major European markets fell compared to the previous week, although in nearly all cases, weekly averages remained above €75/MWh. Throughout the week, France and Italy reached their highest-ever daily photovoltaic energy production, while Spain registered its highest level for a day in July. The drop in demand, due to milder […]

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Trading trends, LNG flows, and supply realignments in Central & Eastern Europe

In 2025, we are seeing two trends that were not typical in 2024: significant volumes of gas are once again flowing from Austria to Hungary and CEEGEX prices are significantly higher than TTF prices. These two phenomena show a strong correlation. This year, following the halt of Ukrainian transit and Russian attacks on Ukrainian gas production, the eastern part of […]

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Phasing out Russian fossil fuel imports

A complete phase out of imports of Russian natural gas is envisaged for 1 January 2028. How can it be achieved? This European Union briefing on phasing out Russian fossil fuel imports outlines the current state of play. In 2022, EU leaders committed to phasing out Europe’s dependency on imported Russian natural gas, oil and coal. Last May, the Commission […]

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The EU proposal to ban Russian gas imports: roadblock more than roadmap

According to this new OIES analysis, the Regulation to phase out Russian gas will struggle to execute the complete phase out of Russian gas for reasons largely related to the process and the rules that will govern it. These include the high-risk proposed route for buyers to stop imports under existing supply contracts and the absence of mitigation for those […]

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