European power prices rise in early 2026 as demand and CO₂ offset record renewables

Chart showing TTF gas, CO₂ emission allowances, coal and Brent oil prices in Europe, highlighting rising CO₂ prices alongside stable gas prices.

European power prices moved higher at the start of 2026 as rising electricity demand and higher CO2 prices outweighed the impact of strong renewable generation across parts of the continent. European power prices continued to rise in early January 2026, reflecting a combination of stronger electricity demand, colder weather and increasing CO₂ emission allowance prices. Despite record wind and solar […]

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