The Prague Post - Europe’s power shock

EUR -
AED 4.251758
AFN 76.894577
ALL 96.604916
AMD 442.222502
ANG 2.072398
AOA 1061.637394
ARS 1621.385469
AUD 1.786233
AWG 2.086806
AZN 1.95169
BAM 1.9559
BBD 2.333419
BDT 141.68721
BGN 1.954026
BHD 0.436418
BIF 3419.903559
BMD 1.157729
BND 1.50899
BOB 8.005442
BRL 6.161777
BSD 1.158559
BTN 102.552218
BWP 15.512789
BYN 3.953001
BYR 22691.48664
BZD 2.330019
CAD 1.621058
CDF 2575.946693
CHF 0.925998
CLF 0.027523
CLP 1079.709467
CNY 8.229164
CNH 8.234133
COP 4307.724038
CRC 579.429484
CUC 1.157729
CUP 30.679816
CVE 110.270611
CZK 24.185336
DJF 206.310498
DKK 7.469077
DOP 73.923762
DZD 151.022296
EGP 54.793025
ERN 17.365934
ETB 179.859352
FJD 2.643904
FKP 0.880461
GBP 0.88153
GEL 3.1372
GGP 0.880461
GHS 12.737703
GIP 0.880461
GMD 85.091508
GNF 10061.598885
GTQ 8.872451
GYD 242.38338
HKD 9.018633
HNL 30.486551
HRK 7.53936
HTG 151.759033
HUF 383.578852
IDR 19351.728166
ILS 3.791348
IMP 0.880461
INR 102.530768
IQD 1517.690336
IRR 48754.858361
ISK 146.788552
JEP 0.880461
JMD 186.189474
JOD 0.82079
JPY 180.109047
KES 150.56236
KGS 101.242003
KHR 4637.276019
KMF 492.613996
KPW 1041.976068
KRW 1698.573591
KWD 0.35555
KYD 0.965457
KZT 602.435858
LAK 25140.387826
LBP 103746.679073
LKR 356.691231
LRD 209.11064
LSL 19.9264
LTL 3.418472
LVL 0.700299
LYD 6.317321
MAD 10.717392
MDL 19.66
MGA 5195.264357
MKD 61.533397
MMK 2430.416448
MNT 4133.851056
MOP 9.291313
MRU 45.946536
MUR 53.197254
MVR 17.830318
MWK 2008.902222
MXN 21.233848
MYR 4.805156
MZN 73.990766
NAD 19.926486
NGN 1678.336097
NIO 42.632538
NOK 11.715695
NPR 164.083349
NZD 2.055941
OMR 0.445139
PAB 1.158564
PEN 3.898598
PGK 4.898292
PHP 68.239436
PKR 327.40176
PLN 4.24204
PYG 8155.414982
QAR 4.222815
RON 5.087871
RSD 117.242027
RUB 93.371261
RWF 1684.485714
SAR 4.341927
SBD 9.5209
SCR 15.723331
SDG 696.371091
SEK 10.981846
SGD 1.508978
SHP 0.868597
SLE 27.119826
SLL 24276.994228
SOS 660.933631
SRD 44.67448
STD 23962.650995
STN 24.501458
SVC 10.137603
SYP 12801.035411
SZL 19.932014
THB 37.544716
TJS 10.693152
TMT 4.063628
TND 3.414374
TOP 2.787533
TRY 49.035493
TTD 7.848467
TWD 36.169533
TZS 2819.069871
UAH 48.74678
UGX 4165.229933
USD 1.157729
UYU 46.101948
UZS 13913.768083
VES 273.853654
VND 30532.784548
VUV 141.429674
WST 3.26127
XAF 655.99038
XAG 0.02251
XAU 0.000283
XCD 3.12882
XCG 2.088024
XDR 0.815842
XOF 655.99038
XPF 119.331742
YER 276.176384
ZAR 19.906798
ZMK 10420.945706
ZMW 26.385343
ZWL 372.788237
  • RBGPF

    -0.1300

    77.09

    -0.17%

  • CMSC

    -0.0500

    23.59

    -0.21%

  • SCS

    0.1500

    15.66

    +0.96%

  • CMSD

    0.0100

    23.87

    +0.04%

  • BCC

    -0.5800

    66.07

    -0.88%

  • RYCEF

    -0.1400

    13.96

    -1%

  • RELX

    -0.1100

    40.27

    -0.27%

  • JRI

    -0.1700

    13.27

    -1.28%

  • RIO

    -0.7500

    69.74

    -1.08%

  • BCE

    -0.0200

    23.02

    -0.09%

  • NGG

    -0.4100

    77.53

    -0.53%

  • AZN

    0.1500

    89.55

    +0.17%

  • BP

    0.1900

    36.69

    +0.52%

  • BTI

    0.1500

    54.86

    +0.27%

  • GSK

    -0.1600

    47.37

    -0.34%

  • VOD

    0.0400

    12.25

    +0.33%


Europe’s power shock




On 28 April 2025, an unprecedented power failure plunged most of Spain and Portugal into darkness. Within seconds the Iberian Peninsula lost around 15 gigawatts of generation—roughly 60 % of demand. Flights were grounded, public transport stopped, hospitals cancelled routine operations and emergency services were stretched. Spain’s interior ministry declared a national emergency, deploying 30 000 police officers, while grid operators scrambled to restore power. The outage, thought to have originated in a failed interconnector with France, highlighted the fragility of Europe’s interconnected grids. An industry association later reported that it took 23 hours for the Iberian grid to return to normal capacity.

Energy analysts noted that the blackout was not only a technical failure but also a structural one. Spain and Portugal depend heavily on wind and solar power, which provide more than 40 % of Spain’s electricity and over 60 % in Portugal. These sources supply little rotational inertia, so when the France–Spain interconnector tripped the system lacked the flexibility and backup capacity to stabilise itself. Reliance on a single interconnector also left the peninsula “islanded” and unable to import power quickly.

A continent on edge
The Iberian blackout came against a backdrop of soaring energy prices, economic malaise and rising electricity demand from data centres and electrified transport. Europe has spent the past two years grappling with the fallout from Russia’s invasion of Ukraine, which cut cheap gas supplies and forced governments to scramble for alternative fuels. Germany’s Energiewende, once a model for the energy transition, has been strained. After shutting down its last three reactors on 15 April 2023, Germany shifted from being a net exporter of electricity to a net importer; by November 2024 imports reached 25 terawatt‑hours, nearly triple the 2023 level. About half of the imported electricity came from France, Switzerland and Belgium—countries whose power systems are dominated by nuclear energy. Germany’s gross domestic product shrank 0.3 % in 2023 and was expected to contract again in 2024, and a survey of 3 300 businesses found that 37 % were considering reducing production or relocating because of high energy costs; the figure was 45 % among energy‑intensive firms.

The collapse of domestic nuclear generation has increased Germany’s reliance on coal and gas. In the first half of 2025 the share of fossil‑fuel electricity rose to 42.2 %, up from 38.4 % a year earlier, while power from renewables fell by almost six percent. Coal‑fired generation increased 9.3 % and gas‑fired output 11.6 %; weak winds cut wind output by 18 %, even as solar photovoltaic production jumped 28 %. The result has been higher emissions and greater dependence on imports.

Yet Germany’s grid remains resilient: the Federal Network Agency reported that power disruptions averaged 11.7 minutes per customer in 2024—one of the lowest figures in Europe—and the energy transition has not compromised supply security. Nevertheless, researchers warn that unexpected shocks like the Iberian blackout could occur if investment in grid flexibility and storage does not keep pace.

Nuclear renaissance across Europe
The energy crisis has prompted many European governments to re‑examine nuclear energy. Belgium has repealed its nuclear‑phase‑out law and plans new reactors, arguing that nuclear power provides reliable, low‑carbon electricity. Denmark, Italy, Poland, Sweden and Spain have all signalled interest in building new plants or extending existing reactors. Italy intends to bring nuclear power back by 2030, while Denmark and Sweden are exploring small modular reactors. The European Union already has about 100 reactors that supply almost a quarter of its electricity. Nuclear plants emit few air pollutants and provide round‑the‑clock power, making them attractive for countries seeking to cut emissions and reduce reliance on gas. Critics remain concerned about waste disposal and the possibility that investment in nuclear could divert resources from renewables.

This shift is visible at the political level. In September 2025, France and Germany adopted a joint energy roadmap that recognises nuclear energy as a low‑carbon technology eligible for European financing. The roadmap aims to end discrimination against nuclear projects and represents a departure from Germany’s long‑standing opposition. It does not alter national policies but signals a shared stance in forthcoming EU negotiations.

Germany’s political U‑turn
Germany’s nuclear exit has become a central issue in domestic politics. Surveys show that two‑thirds of Germans support the continued use of nuclear energy, and more than 40 % favour building new plants. A 2024 report argued that there are no significant technical obstacles to restarting closed reactors and that three units could be back online by 2028 if decommissioning were halted, adding about 4 gigawatts of capacity. The same report noted that a moratorium on dismantling reactors and amendments to the Atomic Energy Act are urgent prerequisites.

During the February 2025 election campaign, conservative leader Friedrich Merz pledged to revive nuclear power and build 50 gas‑fired plants to stabilise the grid. His party’s manifesto proposed an expert review on restarting closed reactors and research into advanced technologies such as small modular reactors. In a surprising political shift, Merz’s government subsequently stopped blocking efforts at the European level to recognise nuclear power as a sustainable investment. At a Franco‑German summit in Toulon, he and French president Emmanuel Macron agreed on the principle of non‑discrimination for nuclear projects in EU financing.

However, the internal debate is far from settled. Katherina Reiche, Germany’s economy and energy minister, ruled out a return to conventional nuclear plants, saying that the phase‑out is complete and that companies lack the confidence to invest. She argued that the opportunity to extend the last three reactors during the crisis had been missed and emphasised the government’s focus on developing a domestic fusion reactor and potentially small modular reactors. Reiche also insisted on a “reality check” for renewable expansion and called for up to 20 gigawatts of new gas‑fired backup capacity. Her position reflects caution within the coalition, and some experts note that restarting closed reactors may face legal and economic hurdles.

Industrial relief and future challenges
High energy costs continue to burden German industry. In November 2025 the ruling coalition agreed to introduce a subsidised power price of five euro cents per kilowatt‑hour for energy‑intensive companies until 2028, pending EU approval. The plan aims to ease the competitive disadvantage faced by manufacturers and includes tendering eight gigawatts of new gas‑fired capacity. Critics argue that subsidies are a stop‑gap and that longer‑term competitiveness requires affordable, low‑carbon baseload power and streamlined permitting for renewable projects.

The Iberian blackout served as a warning that Europe’s future grid must be flexible and resilient. Analysts emphasise the need for more interconnectors, battery storage and demand‑side management to accommodate variable renewables. Germany’s grid reliability remains among the best in Europe, yet the country’s growing dependence on imports and fossil fuels raises concerns about security and climate targets. The energy crisis has revived nuclear energy as a serious option across Europe, forcing policymakers to balance decarbonisation with security of supply. Whether Germany fully embraces nuclear again remains uncertain, but the debate underscores a broader realisation: the energy transition requires a diversified mix of technologies, robust infrastructure and pragmatic policies rather than dogma.



Featured


Marhabaan, welcome to the UAE and Dubai!

Marhabaan, welcome to the UAE and Dubai! The "skyward striving" Dubai next to ancient desert cities. Mysterious Bedouins and magnificent mosques exist peacefully alongside futuristic cities. Discover wadis and oases, golden sandy deserts, paradisiacal beaches and Arabian hospitality. The modern and the ancient Orient united in a book for dreaming.On this journey to Dubai and Abu Dhabi in the United Arab Emirates, the fairy tales of 1001 Arabian Nights meet the modern Arab world. These cascading cities enchant with their sky-high skyscrapers, fragrant souks, huge shopping centres and the ancient cultural heritage of the sheikhs.You can choose to stay in 4- or 5-star hotels with breakfast and swimming pools. You also have more options to book excursions so you can feel the magic of the East even more. If you want to do something out of the ordinary, you can spend an extra night in an enchanting hotel in the middle of the emirate's desert. Experience your own fairytale from 1001 nights and look forward to a holiday with plenty of casual extravagance in two superlative desert cities!

Trade and business at the Dubai Gold Souk

If Naif Deira is associated with a specific context, organization, or field, providing more details could help me offer more relevant information. Keep in mind that privacy considerations and ethical guidelines limit the amount of information available about private individuals, especially those who are not public figures. The Dubai Gold Souk is one of the most famous gold markets in the world and is located in the heart of Dubai's commercial business district in Deira. It's a traditional market where you can find a wide variety of gold, silver, and precious stone jewelry. The Gold Souk is known for its extensive selection of jewelry, including rings, bracelets, necklaces, and earrings, often crafted with intricate designs.Variety: The Gold Souk offers a vast array of jewelry designs, with a focus on gold. You can find items ranging from traditional to modern styles.Competitive Pricing: The market is known for its competitive pricing, and bargaining is a common practice. Prices are typically based on the weight of the gold and the craftsmanship involved.Gold and More: While gold is the primary focus, the souk also offers other precious metals such as silver and platinum, as well as a selection of gemstones.Cultural Experience: Visiting the Gold Souk provides not only a shopping experience but also a glimpse into the traditional trading culture of Dubai. The vibrant market is a popular destination for both tourists and locals.Security: The market is generally safe, and there are numerous shops with security measures in place. However, as with any crowded area, it's advisable to take standard precautions regarding personal belongings.Gold Souk is just one part of the larger Deira Souk complex, which also includes the Spice Souk and the Textile Souk. It's a must-visit for those interested in jewelry, and it reflects the rich cultural and trading history of Dubai.

Dubai: Amazing City Center, Night Walking Tour

During this excursion, we leisurely explore Dubai Downtown and Burj Khalifa in the evening, giving you the chance to witness the captivating transformation of the district as it comes alive with the vibrant glow of thousands of lights. As the sun sets, the illuminated facade of Burj Khalifa and the enchanting Dubai Fountain collaborate to produce a genuinely magical atmosphere.Dubai Downtown, also known as Downtown Dubai, is a distinguished and iconic district situated in the heart of Dubai, United Arab Emirates. It is a renowned neighborhood celebrated for its striking architecture, luxurious living, and exceptional entertainment options. At the core of Downtown Dubai stands the Burj Khalifa, a towering skyscraper that holds the title of the world's tallest man-made structure and serves as an emblem of modern Dubai.Burj Khalifa: The focal point of Downtown Dubai, Burj Khalifa, is famous for its groundbreaking height, reaching an impressive 828 meters (2,722 feet). Designed by architect Adrian Smith, its distinctive Y-shaped design encompasses a mix of residential, commercial, and hotel spaces.Dubai Mall: Adjacent to Burj Khalifa is the Dubai Mall, one of the largest shopping malls globally, featuring an extensive array of retail outlets, from high-end boutiques to international brands. The mall also provides various dining options, and entertainment attractions like an indoor ice rink and an aquarium, and hosts the mesmerizing Dubai Fountain.Dubai Fountain: Located just outside the Dubai Mall, the Dubai Fountain is a captivating attraction that presents a nightly spectacle of water, music, and light, captivating visitors with its perfectly synchronized performances.Emaar Boulevard: Stretching through Downtown Dubai, this boulevard is adorned with restaurants, cafes, and shops, making it a popular spot for leisurely strolls, dining, and people-watching.Luxury Living: Downtown Dubai boasts numerous upscale residential buildings and hotels, making it an appealing locale for those seeking a sophisticated urban lifestyle.Cultural Attractions: The Dubai Opera, an iconic cultural venue within the district, hosts a diverse range of performances, including opera, ballet, concerts, and theater productions.Transportation: Downtown Dubai is well-connected through public transportation, including the Dubai Metro, facilitating easy access to other parts of the city.In summary, Downtown Dubai is a dynamic and vibrant district that stands as a testament to Dubai's modernity and grandeur. It seamlessly combines architectural wonders with shopping, entertainment, and cultural offerings, creating a truly extraordinary destination.