Electricity prices jump in Europe as demands soars in the heatwave (business) — The Guardian Australia – Business
The Guardian Australia – Business ·business ·1 hour ago

Electricity prices jump in Europe as demands soars in the heatwave

Electricity prices surged in Europe on Tuesday as a heatwave heightened demand, particularly in Great Britain, which paid over six times the normal import price for power. The National Energy System Operator secured electricity imports to meet peak demand, while forecasts indicated market prices in Germany could exceed €545 per megawatt-hour.

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Published 23 Jun 2026, 17:32 UTC · Updated 23 Jun 2026, 17:50 UTC

Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections