Commodity Market Report
Europe energy prices: January 2026
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Report summary
The Europe energy prices report provides a comprehensive outlook for fuels, carbon and power prices in Europe to 2050. Brent prices drop $8/bbl to 2030, recovering to $72/bbl by 2033. TTF averages averages $8.3/mmbtu (2026-2035) with high volatility. Coal stays range-bound until late 2020s. Carbon prices supported by structural tightening. Power prices fall 13% by 2030 on decarbonization, then recover in 2030s amid wind delays and nuclear retirements.
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