The Prague Post - Europe’s power shock

EUR -
AED 4.324146
AFN 75.356088
ALL 95.431906
AMD 439.007982
ANG 2.107481
AOA 1080.889884
ARS 1621.033493
AUD 1.643597
AWG 2.119392
AZN 2.002786
BAM 1.954464
BBD 2.36901
BDT 144.331305
BGN 1.96409
BHD 0.444245
BIF 3503.415074
BMD 1.17744
BND 1.495014
BOB 8.157422
BRL 5.833509
BSD 1.176261
BTN 109.624694
BWP 15.769748
BYN 3.336319
BYR 23077.821208
BZD 2.365612
CAD 1.607329
CDF 2721.063472
CHF 0.917108
CLF 0.026378
CLP 1038.172079
CNY 8.027491
CNH 8.023146
COP 4215.305336
CRC 535.922153
CUC 1.17744
CUP 31.202156
CVE 110.189651
CZK 24.295273
DJF 209.460543
DKK 7.47314
DOP 70.770104
DZD 155.5963
EGP 61.166465
ERN 17.661598
ETB 182.980437
FJD 2.584421
FKP 0.87088
GBP 0.870581
GEL 3.161404
GGP 0.87088
GHS 12.998112
GIP 0.87088
GMD 85.953266
GNF 10319.680388
GTQ 8.999954
GYD 246.091721
HKD 9.221367
HNL 31.2527
HRK 7.531027
HTG 154.022905
HUF 361.960904
IDR 20166.130184
ILS 3.512658
IMP 0.87088
INR 109.980538
IQD 1540.900516
IRR 1557752.931232
ISK 143.200556
JEP 0.87088
JMD 186.327049
JOD 0.8348
JPY 187.081086
KES 152.010224
KGS 102.96764
KHR 4710.478892
KMF 492.170222
KPW 1059.694323
KRW 1730.041877
KWD 0.36317
KYD 0.980201
KZT 548.618542
LAK 25951.482755
LBP 105330.743014
LKR 372.214413
LRD 216.943457
LSL 19.261256
LTL 3.476674
LVL 0.712221
LYD 7.454681
MAD 10.863571
MDL 20.148623
MGA 4866.527571
MKD 61.606215
MMK 2472.340222
MNT 4208.37663
MOP 9.487031
MRU 46.942903
MUR 54.598001
MVR 18.191997
MWK 2039.544717
MXN 20.375738
MYR 4.6579
MZN 75.303164
NAD 19.261256
NGN 1584.210122
NIO 43.289295
NOK 10.982159
NPR 175.256948
NZD 1.993011
OMR 0.452728
PAB 1.176296
PEN 4.038538
PGK 5.171376
PHP 70.561593
PKR 327.960489
PLN 4.231872
PYG 7499.648751
QAR 4.288224
RON 5.099256
RSD 117.354194
RUB 88.248765
RWF 1723.170461
SAR 4.416586
SBD 9.465104
SCR 16.45931
SDG 707.641326
SEK 10.758563
SGD 1.496555
SHP 0.879078
SLE 29.023661
SLL 24690.320578
SOS 672.220348
SRD 44.093912
STD 24370.627809
STN 24.482843
SVC 10.291657
SYP 130.161957
SZL 19.25626
THB 37.748824
TJS 11.147982
TMT 4.126927
TND 3.399859
TOP 2.834993
TRY 52.857582
TTD 7.982304
TWD 37.011637
TZS 3058.900462
UAH 51.954129
UGX 4358.019952
USD 1.17744
UYU 46.794763
UZS 14229.846532
VES 565.914226
VND 30994.33809
VUV 137.686615
WST 3.19697
XAF 655.489287
XAG 0.014927
XAU 0.000246
XCD 3.18209
XCG 2.119887
XDR 0.815218
XOF 655.489287
XPF 119.331742
YER 280.996123
ZAR 19.2861
ZMK 10598.367839
ZMW 22.260117
ZWL 379.135154
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    -0.4600

    17.2

    -2.67%

  • BTI

    0.3800

    57.06

    +0.67%

  • BCE

    -0.1400

    23.95

    -0.58%

  • GSK

    -1.0000

    57.35

    -1.74%

  • CMSC

    -0.0398

    22.73

    -0.18%

  • RIO

    -0.3200

    99.83

    -0.32%

  • BP

    0.5300

    45.12

    +1.17%

  • NGG

    -0.9000

    86.02

    -1.05%

  • VOD

    15.6500

    15.65

    +100%

  • RELX

    0.0600

    36.74

    +0.16%

  • BCC

    0.9300

    83.97

    +1.11%

  • JRI

    0.0400

    13.13

    +0.3%

  • AZN

    -4.1100

    200.69

    -2.05%

  • CMSD

    0.0050

    23.085

    +0.02%


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.