European evening peak power prices jumped above €600/MWh on Monday after a sharp fall in wind generation, highlighting how tight supply can become when renewables underperform. Weather forecasts say a slow-moving front will bring low wind and cloud cover across northwestern and central Europe through Wednesday, leaving wind and solar output especially weak in Germany, the UK and the Benelux. The UK grid operator warned of possible tight supply on Monday morning with an estimated shortfall of abo

European evening peak power prices jumped above €600/MWh on Monday after a sharp fall in wind generation, highlighting how tight supply can become when renewables underperform. Weather forecasts say a slow-moving front will bring low wind and cloud cover across northwestern and central Europe through Wednesday, leaving wind and solar output especially weak in Germany, the UK and the Benelux. The UK grid operator warned of possible tight supply on Monday morning with an estimated shortfall of about 1.4 GW. MetDesk meteorologist Ben Davis said temperatures this week are expected 1–3°C below normal, which should boost heating demand. EEX December power futures for Germany and France are trading near €200/MWh, more than double year-ago levels.