The first correct winter in three years had already reignited power debates. With temperatures frigid and Asian competitors for provides fierce, the spot value on the Dutch Switch Title Facility (TTF), Europe’s gas-trading hub, hit €58 ($61) per megawatt hour (MWh) on February tenth, its highest in two years (see chart). Then, on February twelfth, got here Donald Trump’s announcement that negotiations over an finish to Russia’s struggle in Ukraine would begin “instantly”—an announcement that monetary markets look like taking critically.
