Gas demand strengthens as European power prices climb on weak renewables

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Power prices increased across most European markets in mid-October as lower wind and solar generation coincided with higher electricity demand, prompting greater gas-fired generation. The authors report that electricity prices in major EU markets averaged above €90/MWh, with daily peaks exceeding €100/MWh. Falling renewable output, cooler weather, and steady demand growth have boosted gas burn in the power sector despite […]

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