The first correct winter in three years had already reignited power debates. With temperatures frigid, winds weak and Asian competitors for provides fierce, the spot worth 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 charte). Then, two days later, got here Donald Trump’s announcement that negotiations over an end to Russia’s war in Ukraine would begin “instantly”.