The war in the Middle East, Putin's aggression and Trump's unpredictability are sending energy prices up, and this can be felt everywhere.
82% confidence
EconomyEuropean Union
Omissions
The IEA Electricity 2026 report from January 2026 indicated that EU futures prices for 2026 averaged around USD 95/MWh, broadly in line with 2025 levels, suggesting price stability for the year rather than a sustained rising trend.
The causes mentioned (Middle East war, Putin's aggression, Trump's unpredictability) are geopolitical interpretations not directly attributed to price movements in the statistical sources found.
The March 2026 price increases appear to be short-term volatility rather than a long-term trend.
Sources
PrimaryIEA - Electricity 2026 Prices AnalysisEU futures prices as of 26 January 2026 averaged around USD 95/MWh for 2026, broadly in line with 2025 levels, before easing to roughly USD 85/MWh in 2027
PrimaryIEA - Gas Market Report Q1 2026Natural gas prices displayed strong volatility across Asia, Europe and North America in January 2026 amid adverse weather effects