Europe’s climate change-fuelled heatwave has added more than €700 million to electricity bills in France and Germany alone in just one week, according to new analysis by environmental NGO 350.org.
Heatwaves drive up demand for cooling and with increased electricity consumption comes higher prices. Comparing 21-27 June 2026 – when record heat gripped much of western Europe – against a baseline of 14-20 June, the analysis shows that electricity prices rose by an estimated €371 million in Germany and €360 million in France.
