Electric Power, Natural Gas
October 28, 2026
European water woes challenge power prices
Featuring Matt Hoisch and Maxim Grama
HIGHLIGHTS
Drought reduces nuclear, hydropower output
Gas costs rise amid Middle East conflict
Winter energy supply faces multiple risks
Reservoir and river levels in parts of Europe are well below typical levels after prolonged spells of dry weather, hampering nuclear and hydropower generation. With gas prices already elevated amid the war in the Middle East, this adds further upside risk to power markets heading into what could be a tough winter.
