Weekly review

Europe's Power Map Splits as Winter Approaches

Wind pushed German power close to zero at the weekend while Hungary paid its highest price in nearly two years, and Brussels handed out €3.4 billion for clean technology as it loosened its methane rules.

The week in brief · Week 43 · 19–25 October

  • German power fell to €13/MWh on Sunday while Hungary paid over €250/MWh
  • German gas storage stands at 61%, well below previous years, with LNG carrying the risk
  • The Innovation Fund backs 77 projects with €3.4 billion, including Europe's first nuclear heat SMR
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Europe ended the week with two electricity markets rather than one. Strong wind drove German day-ahead prices to €13.12/MWh on Sunday, while Hungary, Romania and Austria paid more than €220/MWh on the same day. Gas storage remains the winter's main worry, diesel supply is tight but flowing, and Brussels spent the week both funding clean technology and easing its climate rules for the crisis.

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Wind in the west, scarcity in the east

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The contrast is clearest in the day-ahead data. On Saturday, German onshore wind averaged 42.0 GW against demand of 49.8 GW, and the German–Luxembourg price averaged €30.12/MWh; on Sunday it fell to €13.12/MWh. Across the week Germany averaged €134.35/MWh, down from €182.56/MWh the week before (Fraunhofer ISE, 2026).

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Further east, prices rose. Hungary averaged €268.78/MWh for the week and hit €326.57/MWh on Tuesday, its highest daily average since 12 December 2024, with the dearest quarter-hour at €522.65/MWh. The pressure did not ease at the weekend: on Sunday the most expensive quarter-hour reached €525.76/MWh. Romania averaged €258.48/MWh, Austria €231.18/MWh and Slovakia €213.26/MWh, while Czechia (€176.36/MWh) and Poland (€165.46/MWh) sat closer to the German level (Fraunhofer ISE, 2026).

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