Lower renewable output lifts gas demand and European power prices

European power prices and gas demand – October 2025

European power prices rose across most markets in October 2025 as renewable generation weakened and gas-fired output increased. Wind and solar generation dropped compared with September, prompting higher gas burn to balance the system. Despite broadly stable fuel and CO₂ prices, the shift toward thermal generation pushed day-ahead power prices upward in key markets including Germany, France and Spain. Gas […]

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