Outlook for European gas, power, and carbon markets in H2 2023

In H2 2023, European gas demand is likely to remain 10-20% below the five-year trend. Although the market is trading at a two-year low, prices are still above the long-term average. The ICIS TTF front month averaged €44.11/MWh across H1 2023, a yearly drop of 56% but nearly three times the 2017-2021 average for the period. From an industrial demand […]