EnergyReader · 2026-08-03 22:13

Hungarian Power Spot Doubles in Heatwave's Most Critical Phase

By EnergyReader Newsroom · August 3, 2026

ICE Endex TTF front-month fell 4% at Monday's (2026-08-03) open after U.S. President Donald Trump said he had called off a planned attack on Iranian energy sites and that talks on a deal would begin this week (week of 2026-08-03), pulling European gas prices sharply lower, OilPrice.com reported. Hungarian power spot prices doubled on the same day. Montel, which reported the story, described it as the "most critical" phase of the current heatwave.

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