Macro Finance
Heatwave Slams Europe Straining Energy Supply, E.On CEO Says
Bloomberg Markets·August 12, 2026·1 min read
Europe's fifth heatwave is straining energy supply, according to E.On CEO. Wholesale prices have surged due to the Persian Gulf situation and extremely high gas prices, putting stress on customer affordability. The hot summer is curtailing output, causing short-term distortions. The CEO noted the situation is stressful and requires continued effort.
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