European power prices surge above €80/MWh as gas costs rise after Iran conflict

Chart showing European electricity market prices in €/MWh for Germany, France, Spain, Italy, Great Britain and other markets in February–March 2026.

European power prices climbed sharply during the first week of March, with most major electricity markets in Europe recording weekly averages above €80/MWh. Rising natural gas prices linked to geopolitical tensions in the Middle East played a major role in the increase. European power prices increased across most markets in early March, with weekly averages surpassing €80/MWh and Italy reaching […]

This report is premium content Start a FREE 30-day trial to read this report and unlock our full library of 2,000+ natural gas reports, white papers, and market studies. You’ll receive weekly content updates — and you can cancel anytime during the trial if it’s not for you.
FREE TRIAL
Already a subscriber ? Log in
RELATED POSTS