Energy markets cope well with extreme heat in Southern Europe, but the risk to prices ahead remains


In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Dan Veasey as we see extreme heat in Southern Europe.

Topics explored include:

  • Not much response in pricing to extreme heat, although there is some reduced capacity of the French nuclear fleet.
  • Demand has increased in southern Europe, but there is significant renewables generation to counter that right across Europe.
  • The variability of renewables and the impact on the management of grid.
  • Norwegian gas production increases following the return of a major processing plant. Further maintenance lies ahead next month.
  • LNG drops, but meets demand and storage is expected to be at capacity going into winter.
  • However, any significant cold snap or supply disruption still presents a real risk for both winter and next summer, especially with LNG demand in Asia picking up.
  • The threat to remaining Russian gas supplies.

Listen to the latest episode of the Resonance podcast. This episode was recorded on 18the July 2023.


Resonance Podcasts

Resonance is an Alfa Energy Group podcast series where we explore some of the latest insights from the energy and sustainability sector as it goes through a significant transformation. Fuelled by new challenges, new ideas and new technologies, we discuss what it means for businesses to realise their energy and sustainability ambitions.