Europe & Russia

European power markets remain buoyed by renewed gains in carbon, gas, coal and oil prices in advance of the region’s cold season. Despite falling temperatures in the second half of September, demand is broadly expected to stay in line with seasonal averages. However, lower nuclear power output in Belgium and France is supporting prices for Q4 2018, with gains filtering through to markets in neighbouring countries. In addition, power prices are reacting to increased risks to gas supplies in the short-to-medium term, with gas prices...