Skiers, Energy Traders Delight as EU Winter Finally Shows

  • Natural gas, power prices rebound after warmest year on record
  • Weather set to cool, snow to arrive, boosting heating demand

People take a walk at river Spree on a cold winter day in Berlin on Wednesday.

Photographer: Tobias Schwarz/AFP/Getty Images

After Europe’s gas and power markets plunged to records last year, 2016 started with a bang as a jet stream of cold weather moved south from the Arctic.

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