European power prices rise to multi-year highs despite falling TTF gas

European power prices across major electricity markets in early November 2026

European power prices increased across all major markets in the first week of November as colder weather lifted electricity demand and solar generation declined. Italy, France, Spain and Portugal reached their highest daily price levels since 2022, even as TTF gas prices moved lower. Italy once again recorded the highest weekly average at €271.46/MWh, while weekly prices also exceeded €200/MWh […]

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