| FM (11-26) |
304,5 €/MWh |
3,9 % |
▲ |
EEX |
Around 3.1 GW of nuclear capacity is unavailable in Southeast Europe, representing more than half of the region’s total 6 GW capacity, while hydropower generation is expected to remain more than 1.5 GW below normal over the next three weeks, although precipitation in Romania and Serbia could exceed the seasonal average by 42% next week.
In Germany, the next-year power contract rose to EUR 163.70/MWh and the November front-month contract to EUR 240.16/MWh, while cold weather and weak wind and solar generation could push day-ahead quarter-hourly prices to as high as EUR 800–1,000/MWh in the coming weeks. |
| TTF FM (12-26) |
103,9 €/MWh |
6,2% |
▲ |
TTF |
Europe’s benchmark TTF gas price rose by around 10% week on week, closing at EUR 102.91/MWh on Friday after reaching EUR 104.05/MWh intraday, its highest level since December 2022, primarily driven by fears of a renewed escalation of the war in Iran.
Weather forecasts provided further price support, with Germany’s average temperature expected to fall from 8.5°C this week to 4.4°C next week, while the anticipated dunkelflaute could increase gas demand for heating and power generation. |
