Power & Renewables

Europe & Russia February 2019

Regional analysis & forecasts
Europe & Russia

Power prices in Western Europe have come under pressure in recent weeks from a combination of mild weather and lower gas and coal prices. Lower prices are expected to continue to encourage power sector gas use in some countries amid weaker generation from hydro and other renewables. However, electricity prices are anticipated to remain high on an annual basis, supported by the underlying risk of price spikes for the rest of the winter. Carbon prices and tighter supplies of European emission allowances (EUAs) will also...