Weekly review

Wind Fades and Europe's Power Prices Converge

A still week in Germany erased the gap between western and eastern European power prices, while ACER showed how far Europe's gas now depends on American LNG and Brussels opened the debate on who pays for the grid.

The week in brief · Week 44 · 26 October – 1 November

  • German wind fell from 28.7 GW to 4.1 GW and prices converged across the region
  • ACER finds US LNG now covers around 30% of EU gas supply
  • EU ministers debate network charges and taxing power no higher than gas
6
min
Link copied

The wind that had split Europe's electricity market in two dropped away this week, and with it the price gap between Germany and its eastern neighbours: by Thursday every market from Poland to Romania was paying more than €300/MWh. Europe's energy regulators set out how thin and how American the continent's gas buffer has become, Brussels opened talks with refiners about diesel, and energy ministers began arguing over how electricity bills should be built.

‍

Wind fades and Europe's prices converge

‍

On Monday Germany was still exporting. Onshore wind averaged 28.7 GW for the day, the country sent a net 5.4 GW abroad, and the German–Luxembourg day-ahead price averaged €116.57/MWh (Fraunhofer ISE, 2026a; 2026b). From Wednesday the wind all but disappeared. On Thursday onshore output averaged 4.1 GW and offshore 0.5 GW, gas plants ran at 11.8 GW and lignite at 12.3 GW, and Germany became a net importer of 5.8 GW (Fraunhofer ISE, 2026b).

‍

Prices followed. Thursday's daily averages sat in a narrow band: €323.76/MWh in Romania, €314.85/MWh in Germany, €310.71/MWh in Czechia, €310.42/MWh in Austria, €308.51/MWh in Slovakia and €305.59/MWh in Poland. Germany's most expensive quarter-hour that day cost €574.28/MWh (Fraunhofer ISE, 2026a).

Water4All logo
W4 író/szerkesztő
More weekly reviews
EnergyWeek 45Sign in to read

Oil Slumps on Peace Hopes, but Gas Stays Tight

  • Brent spot fell from $120 to $107 a barrel in two trading days
  • IEA – Europe enters winter with its lowest gas storage since 2013
  • ACER – grid congestion cost European consumers €5.4 billion in 2025
EnergyWeek 43Sign in to read

Europe's Power Map Splits as Winter Approaches

  • 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