The Prague Post - Europe’s power shock

EUR -
AED 4.272818
AFN 75.625431
ALL 96.63435
AMD 443.523657
ANG 2.083065
AOA 1066.894695
ARS 1701.912184
AUD 1.735215
AWG 2.071834
AZN 1.982504
BAM 1.954291
BBD 2.34522
BDT 142.199583
BGN 1.939135
BHD 0.440129
BIF 3446.141901
BMD 1.163462
BND 1.497857
BOB 8.058742
BRL 6.249888
BSD 1.164511
BTN 104.872016
BWP 15.62347
BYN 3.409548
BYR 22803.846938
BZD 2.341821
CAD 1.619248
CDF 2629.423588
CHF 0.931672
CLF 0.026547
CLP 1041.449823
CNY 8.117879
CNH 8.116355
COP 4319.932841
CRC 579.00623
CUC 1.163462
CUP 30.831732
CVE 110.766073
CZK 24.284473
DJF 207.356419
DKK 7.471029
DOP 74.137993
DZD 151.944393
EGP 55.14207
ERN 17.451924
ETB 181.037681
FJD 2.649726
FKP 0.867823
GBP 0.86764
GEL 3.135576
GGP 0.867823
GHS 12.478172
GIP 0.867823
GMD 86.09657
GNF 10192.349359
GTQ 8.923033
GYD 243.430977
HKD 9.069474
HNL 30.707027
HRK 7.533069
HTG 152.505302
HUF 385.606522
IDR 19595.776155
ILS 3.662623
IMP 0.867823
INR 105.022594
IQD 1525.452954
IRR 49010.819177
ISK 147.155069
JEP 0.867823
JMD 184.400137
JOD 0.82494
JPY 183.703648
KES 150.086952
KGS 101.737157
KHR 4676.242687
KMF 493.308117
KPW 1047.1199
KRW 1695.547908
KWD 0.357753
KYD 0.970343
KZT 594.833667
LAK 25170.923593
LBP 104273.013083
LKR 359.981701
LRD 209.01615
LSL 19.271379
LTL 3.4354
LVL 0.703767
LYD 6.315977
MAD 10.741664
MDL 19.736804
MGA 5399.125617
MKD 61.540852
MMK 2442.968817
MNT 4140.85447
MOP 9.350086
MRU 46.43648
MUR 53.996692
MVR 17.987556
MWK 2019.073013
MXN 20.916833
MYR 4.762635
MZN 74.349534
NAD 19.271379
NGN 1663.098957
NIO 42.85306
NOK 11.747011
NPR 167.794826
NZD 2.030297
OMR 0.448917
PAB 1.163696
PEN 3.912766
PGK 4.968195
PHP 68.988663
PKR 325.947913
PLN 4.212022
PYG 7705.752061
QAR 4.236455
RON 5.088869
RSD 117.301003
RUB 92.244961
RWF 1697.125152
SAR 4.362907
SBD 9.459194
SCR 16.181379
SDG 699.826416
SEK 10.711646
SGD 1.497496
SHP 0.872898
SLE 28.068555
SLL 24397.211834
SOS 664.292418
SRD 44.433805
STD 24081.305655
STN 24.496033
SVC 10.18835
SYP 12867.390465
SZL 19.26588
THB 36.538555
TJS 10.840644
TMT 4.072116
TND 3.371134
TOP 2.801337
TRY 49.972192
TTD 7.90372
TWD 36.775047
TZS 2908.229015
UAH 50.224166
UGX 4189.764676
USD 1.163462
UYU 45.304821
UZS 14099.716564
VES 378.104839
VND 30564.135667
VUV 140.022488
WST 3.239056
XAF 655.850786
XAG 0.014558
XAU 0.000258
XCD 3.144314
XCG 2.09856
XDR 0.815668
XOF 655.850786
XPF 119.331742
YER 277.427836
ZAR 19.18319
ZMK 10472.554531
ZMW 22.560346
ZWL 374.634154
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.1900

    23.69

    +0.8%

  • JRI

    0.0600

    13.8

    +0.43%

  • GSK

    0.1700

    50.39

    +0.34%

  • RBGPF

    0.0000

    81.57

    0%

  • BP

    0.1600

    34.29

    +0.47%

  • NGG

    0.6400

    80.12

    +0.8%

  • BCE

    -0.0100

    23.74

    -0.04%

  • BCC

    5.0200

    83.05

    +6.04%

  • CMSC

    0.2600

    23.27

    +1.12%

  • RIO

    -3.0600

    81.13

    -3.77%

  • BTI

    1.4000

    55.19

    +2.54%

  • AZN

    0.6400

    94.65

    +0.68%

  • RELX

    0.7900

    43.14

    +1.83%

  • VOD

    -0.3200

    13.5

    -2.37%

  • RYCEF

    0.3300

    17.45

    +1.89%


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.