Analysis by AleaSoft Energy Forecasting finds the weekly average electricity price was above €110 ($128.35)/MWh across major European markets last week as TTF gas futures prices reached their highest level since January 2023.

European PPA prices rose 2.3% in July, with gains in Great Britain and Italy offset by declines in the Nordics, Spain and Portugal. Contracting remained active, with 24 PPAs…

Europe could face its toughest winter gas season since 2022 as wholesale prices trade near their highest level in more than three years. Household bills could rise quickly in the…