NEW ANALYSIS: What's going on in Spain?
Spain's wholesale electricity price in early 2026: €44/MWh. Italy: €127. Germany: €96. UK: €103.
Wind+solar now deliver 44% of generation. Gas sets the price in just 9% of hours, down from 55% in 2022.
Full analysis: janrosenow.substack.com/p/spain-just...
How wind and solar quietly pushed gas off the margin, and the wholesale price followed.
