As an independent research firm, Extel matters to us - thank you to those who voted in 2024.
If we have delivered again, we ask you to consider us for your vote in the 2025 Extel Developed Europe poll.
LINK TO VOTE
Economics: Could Europe’s energy woes return?
The energy price unwind continues to provide an uplift to activity
The continued decline in wholesale natural gas and electricity prices is clearly providing a tailwind to activity across Europe. But how long will that last? Could winter 2023-24 prove more problematic?
Lots to be encouraged by …
It’s now clear that it wasn’t just good fortune that helped Europe avoid the worst-case scenario at the end of last year. Efficiency improvements, behavioural change, and the roll-out of additional renewables capacity all played a part.
… but Europe remains vulnerable to several unpredictable events
A decline in Russian pipeline flows, bad weather, or a repeat of the disruption to other forms of power generation could yet again put Europe in a difficult position. Production cuts might be required, and price volatility could return.
