A new report from Positive Money reveals that Spain and Portugal have significantly reduced their exposure to gas price volatility by 53% in the past three years, thanks to the expansion of renewable energy. The study underscores how renewable energy is reshaping electricity prices in Europe, decreasing reliance on gas and mitigating vulnerability to volatile energy markets. The report also highlights the European Union's continued dependence on imported fossil fuels, leaving it susceptible to price shocks and geopolitical instability. Additionally, the report emphasizes the economic incentives for energy storage investments driven by low midday prices and higher evening peak prices, signaling the growing importance of energy storage technologies in the transition to a more sustainable and reliable energy system amidst shifting market dynamics.