European Energy Costs Plunge Following Winter Peaks ...Middle East

Electricity prices in Europe are falling this spring from two-year highs in the winter of 2025 as natural gas prices fall and renewable power generation jumps. Expensive natural gas in the winter amid cold weather and fast-depleting gas storage sites pushed up power prices in Europe to the highest in two years. Low wind speeds curtailed a lot of wind power generation in the winter, forcing power generators from Germany to the UK to run more gas-fired electricity capacity. With natural gas prices soaring in January and February 2025, power prices…

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