Electricity and Gas Market:
The Latest Trends

This week, gas and electricity markets showed a similar downward trend.

In the electricity market, prices followed the bearish movement of gas, with a sharper decline for long-term products: -1.92 €/MWh on baseload 2026 closing at 51.37 €/MWh, -2.39 €/MWh on baseload 2027 at 53.77 €/MWh, and -3.22 €/MWh on baseload 2028 at 55.88 €/MWh.

Peakload products also recorded an average drop of around -2 €/MWh.

This week’s power mix was marked by a combination of high nuclear production, lower wind output, and strong reliance on gas-fired power plants.

The decline in prices can be explained on one hand by abundant supply, and on the other by the correlation with gas and CO₂ prices, both of which also trended downward.

Finally, despite the rise in coal prices, the impact on electricity prices remains limited: coal-fired generation is still used only occasionally, during certain hours, at the start of this winter season.