European power prices surge as TTF gas hits highest level since January 2023

European electricity market prices across major European markets in early September 2026

European power prices rose sharply in southern markets during the first week of September, with Spain, Portugal and Italy reaching their highest daily levels since 2022 or 2023. Lower wind generation, stronger electricity demand and elevated TTF gas prices drove the increase. Spain and Portugal posted the largest weekly price increases, both rising 36%, while Italy gained 4.5% and recorded […]

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