European power prices ease as gas markets weaken
December 16, 2025
UK gas production from the North Sea continues to decline sharply, creating a widening supply gap that has already averaged around 40 bcm per year since 2015. Despite long-term decarbonisation goals, UK gas demand remains resilient across heating, power generation and industry, and is expected to exceed 20 bcm even in 2050. Slower-than-planned renewable deployment, surging electricity demand from transport, […]
