August heatwave poses substantial upside risk to Europe power, gas prices

July 17, 2025

By downloading this report, you'll discover:


  • How extreme weather conditions could drive substantial price increases across Western European power markets. 
  • The relationship between cooling demand, hydro generation, and thermal gap widening. 
  • Why gas-fired generation would need to increase, and the subsequent market effects. 
  • How nuclear and coal generation capabilities are affected by heatwave conditions. 
  • The comparative outlook against current market pricing. 
August heatwave poses substantial upside risk to Europe power, gas prices

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