European power prices ease as gas markets weaken
December 16, 2025
The surge in European energy inflation between 2021–2024 was primarily driven by natural gas price spikes, amplified by Russia’s supply disruptions and tight global LNG markets. Belgium experienced the sharpest volatility because retail gas contracts there are closely indexed to wholesale prices. This contrasted with slower pass-through in Germany (dominated by fixed-rate contracts) and France (where regulated tariffs smoothed impacts). Gas […]
