An ideal storm has hit European power markets, pushing leaders to intervene. It isn’t all dangerous information for buyers.
The confluence of utmost summer season warmth, dwindling Russian gas deliveries, unplanned outages of French nuclear crops, droughts decreasing hydropower and low river-water levels limiting coal deliveries have pushed natural-gas costs to unprecedented ranges. They’re carefully linked to electrical energy prices as it’s the gas that usually units European energy markets’ marginal value, very like within the U.S.
