Europe entered the second half of the year in a relatively comfortable position, with supressed gas and power demand, elevated gas storage levels, and a power supply situation that is vastly improved from the same time 12 months ago. However, significant risks remain across gas, power, and carbon markets. All eyes are on gas and power demand through to the end of 2023, with market participants looking for signs of recovery that have been conspicuously absent in the first half of the year. Margins will likely remain tight for many industrial buyers and limit the recovery in production, though falling prices could start to gradually filter through and incentivise behavioural changes across the sectors.
Download our whitepaper for an expert, cross-commodity view of the European gas, power and carbon markets. It contains expert analysis of market developments, buyer behaviours and industry trends as well as data, insights and forecasts on supply and demand and the anticipated price response over both the short and medium term.