In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Henry Homer about why Europe is not out of the woods on energy price concerns.

Topics explored include:

• Complacency reigns following the price plunge, as gas price spike highlights market risks.
• Focus on structural dangers to manage price risk.
• Storage in Europe is not up to the challenge of a cold winter.
• The recent spike caused by minor issues only – extended maintenance in Norway and demand from Asia.
• Renewables are supporting the market, but intermittent production due to weather creates a volatile market.
• Policy and contract length to provide adequate baseload is weak across Europe – a shift is needed to manage price volatility during the transition to a low carbon economy.
• Watch out for nuclear production, hydro and LNG demand in East Asia as we head towards Q3 2023.
• While German industry is concerned about a cut in remaining Russian gas supplies.