Energy crisis impact update: Europe Power

The current energy crisis continues to evolve at pace as cold weather sweeps across Europe. Power price records are breaking on almost a daily basis as ever-rising gas and carbon costs are compounded by growing unavailability on the supply-side. Can unpicking some of the key drivers of price settlement provide an indication of things to come in the winter ahead? What are the key risks for the power sector in the months ahead? If this is just the beginning of the power market transition, are these early warning signs of the insufficiencies of current market design? The attached report provides an update on the rapidly evolving energy crisis in Europe power markets.