Monthly report 4-2024
Supply interruptions from Norway and key US LNG facilities halted the decline in gas prices, despite demand having remain subdued. Abundant hydroelectric production limited electricity prices‘upward potential instead.
by Monthly report 3-2024
In the middle of persistent bearish market conditions, in line with our Low scenario, both gas and power markets in Italy lose competitiveness compared to European ones and the pressure on margins increased.
Monthly report 2-2024
Higher gas and power demand failed to fuel an increase in prices, with comfortable storages, stable supply and favourable renewables production having weighed.
Monthly report 1-2024
Year 2023 closed with persisting bearish market conditions, which confirmed the downward trend in both gas and power prices. Weak demand, stable supply and abundant storages weighed.
Monthly report 12-2023
Gas prices kept trending rangebound in November, with ample storages and stable supply limiting upside potential. Strong renewable generation in Italy drove the PUN lower instead.
Monthly report 11-2023
Both gas and power prices moved higher in October due to the combination of demand recovery, emerging Asian LNG demand and weak renewables generation.
Monthly report 10-2023
Both gas and power prices moved higher in September due to the combination of demand recovery, supply constraints in northern Europe and unfavorable renewables generation.
Monthly report 9-2023
European gas and power prices moved higher driven by uncertainties on LNG supplies amid the ongoing threat of strikes at Australian LNG facilities, despite still subdued demand, storages more than 90% full and abundant renewables.
Monthly report 8-2023
The European gas and power prices remain close to the recent lows, with subdued demand, above average storages and abundant renewables limiting the short-term upside potential. The GME’s Italian Gas Index (IGI) is now available.
Monthly report 7-2023
European spot gas prices moved higher, despite stable fundamentals, with high storage levels and subdued gas demand in evidence. Electricity prices in Europe rose too, supported by thermoelectric demand.