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Category: Power Market

Gas-fired generation doubles across Europe as wind power falls during January heatwave

Gas-fired generation doubles as Europe battles heatwave and wind lull

German intraday electricity prices rising above €600/MWh during a heatwave as power demand increases and generation availability tightens.

Gas-fired generation helps stabilise European power markets during heatwave

Line chart showing Dutch TTF front-month natural gas prices in €/MWh rising about 75% since January 2025–2026, with a sharp jump in 2026 (Source: IEEFA).

Gas-fired generation continues to drive European electricity prices

Chart showing European electricity prices with Italy and Germany higher due to gas dependence compared to France and Spain

European electricity prices remain tied to gas exposing power markets to geopolitical risk

Chart showing Ukraine gas imports over the last 90 days by country including Hungary, Poland, Slovakia and Romania

European gas exports to Ukraine surge and reshape winter gas flows

Radial chart showing intraday variability of German gas-fired power generation for 2019, 2022 and 2025

German gas-fired power variability surges as renewables and coal phase-out reshape flexibility needs

flexible-gas-fired-powgen

Wind volatility deepens Europe’s dependence on gas flexibility

jellyfish-saga

France’s Gravelines nuclear faces plant partial shutdowns

gas-fired-powgen

Gas-fired powgen surged by near 2.5 times in the key Northwest European markets

power-outage

Spain’s unprecedented power outage demonstrates energy system fragility

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