CurrentEUenergymarketsituation&insightsfromtheACER-CEERMarketMonitoringReportsTheEuropeanParliament’sITRECommitteeChristianZinglersen,ACERDirector28November2023-BrusselsKeylessonsfromtheenergycrisis2Throughturbulenttimes…Agassupplyshockofunprecedentedscalefuelledtheenergycrisis.EUgasandelectricitypricesandrelevantmarketfundamentals(EUR/MWh)-May2021-October2023Misfortunespile-up:adoublesupplyshock,bothingasandinelectricitygeneration,addedstresstoEuropeanenergymarkets,especiallyduringQ3andQ4of2022.Source:ACERbasedonPlatts’.TheDutchTitleTransferFacilitygashub(TTF)andtheGermanEuropeanEnergyExchange(EEX)month-aheadcontractpricesareusedasbenchmarksforgasande...