electricty generation

Europe entered the winter withdrawal season with storage about 74% full, or roughly 842 TWh. The smaller buffer leaves less room to absorb prolonged cold, weak wind generation or disrupted LNG deliveries.

Late-October gas prices raised fuel-cost risks for Southeast Europe's gas-fired power fleet as storage remained low and LNG deliveries uncertain. Gas-fired output also rose in Hungary and Greece during the reporting week.

LNG inflows increased in Greece, Croatia and Italy in the week to November 1 compared with Week 43. Italy had the largest volume, while Greece recorded the biggest percentage gain.

Croatia recorded Southeast Europe's largest weekly increase in average day-ahead electricity prices in the week to November 1, despite higher renewable output and lower net imports. Its price premium over Greece widened to €15.88/MWh.

Greece increased net electricity exports by 52.83% in the week to November 1, while remaining the lowest-priced of seven major regional power markets. Its weekly average day-ahead price rose, but stayed below prices in Romania and Italy.