EconomyE.ON CEO Says Heatwave Is Straining Europe’s Energy Supply

Europe is experiencing its fifth heatwave, putting pressure on the continent’s energy system. E.ON says wholesale prices have risen sharply because of conditions in the Persian Gulf, while unusually high gas prices are weighing on customers and affordability. The company also expects the very hot summer to reduce output and create short-term market distortions. The situation is described as stressful despite the need to continue operating.