The electricity market is still in a slightly rising trend channel, in the wake of the gas price. Due to the global nature of the gas market – which was more regional before the energy crisis – this means the electricity price is also increasingly driven by global factors. The implications and risks of this are also discussed in this Market Update. In recent weeks, increasing gas demand in Asia – due to the ongoing heatwave in India – has been the dominant factor behind rising electricity prices in Europe, especially for monthly and annual contracts. On the supply side, unplanned maintenance at a Norwegian gas facility added another push. Overall, upward price pressure remains limited, mainly due to the favourable initial situation in the form of high gas stocks. In addition, this market update looks at regional differences in electricity prices, focusing on Germany and France. It also briefly outlines the Energy Act and the adopted amendments and motions, and provides interpretation.