Monthly Outlook Oct-26
Supply risks continue to dominate energy markets. Growing reliance on flexible LNG supply keeps gas prices under upward pressure into 2027, while strong gas-for-power demand and weak hydro output support power prices.
Monthly Outlook Sep-26
With Qatar out of line well into 2027 and low storage levels in Europe, winter gas prices are expected to remain under upward pressure. Strong power demand and high thermal generation sustain electricity prices despite rising solar output.
Monthly Outlook July-26
LNG supply tightness and shipping flows yet to normalize combined with European storage refill needs, weak hydro, and resilient demand, keep gas and power prices supported near-term. A tight ETS framework keeps CO2 prices on a rising trend.
Monthly Outlook June-26
Oil and LNG markets remain under pressure, while power prices show weak correlation with commodities. Rising renewables depress daytime prices and increase zero price hours, alongside a modest industry led recovery in electricity demand.
Guida al DL Bollette: cosa rimane dopo l’intervento della Commissione Europea
Osservatorio Energia organizza un momento di discussione sui temi del bidding e del mercato organizzato dei PPA
Monthly Outlook May-26
Oil and LNG markets remain tight: Gulf rebalancing will be slow, with only temporary relief from US inventories. Risks for gas prices persist despite weaker Asian demand, while strong renewable generation offers partial relief to power prices.
Costo trasporto gas: mancano i presupposti per una discesa
Gli incentivi biometano e la necessità di riempire gli stoccaggi mantengono elevati i costi di trasporto per i termoelettrici, limitandone la riduzione nel breve periodo, ma dal 2027 il DL Bollette potrebbe ridurne significativamente l’impatto.
Monthly Outlook Apr-26
Europe adjusts to LNG shortages, with Norway and Algeria anchoring supplies and flows via Passo Gries supporting the PSV–TTF spread. In power markets, higher renewables and lower gas fired output cap EU price upside, easing pressure on the PUN.
Monthly Outlook Mar-26
1.6–3.6 Bcm of Italy’s LNG supply is at risk through May. Despite Algerian flows and storage withdrawals providing flexibility in the very short-term, the PSV is unlikely to move below 50 €/MWh before the injection season ends.
Webinar DL 21/26: i possibili impatti sul mercato elettrico all’ingrosso nel 2027
Il Decreto punta a redistribuire i costi di mercato per ridurre i prezzi finali, introducendo dal 2027 una serie di interventi sulle regole di mercato con effetti difficili da prevedere e controllare. Alcune misure potrebbero essere riviste a seguito