The NeoBid market update as at 9 September 2026 shows a sharp rise in electricity and gas prices for delivery in 2027 since early July. This raises a practical question for property portfolios: are data, contractual deadlines and decision processes ready for a tender to be carried out promptly?
The market position on 9 September 2026
The EEX settlement prices analysed by NeoBid Research for delivery in 2027 are €129.75/MWh for electricity and €59.74/MWh for gas. Compared with 3 July, this represents increases of 37.7% for electricity and 69.4% for gas. Compared with 7 August, the increases are 25.9% and 46.7% respectively.
The largest increase is in the front year, the nearest complete delivery year, 2027. Later delivery years have also become more expensive: for 2030, electricity is 8.7% and gas 18.8% above early July. The prices shown decline for later delivery years. This shape of the forward curve is known as backwardation.
Gas for 2027: five observation dates
The chart shows selected gas prices for 2027: €43.75/MWh on 14 August, €49.03/MWh on 21 August, €48.68/MWh on 24 August, €55.65/MWh on 2 September and €59.74/MWh on 9 September. The increase from the first to the last value is around 37%. The intermediate values also show that prices did not rise continuously.
These are selected observations at different intervals, not a complete series of weekly closing prices. This selection does not support a reliable forecast for the next purchasing day.
Distinguish wholesale prices from procurement costs
The figures quoted are wholesale benchmarks. A supply offer additionally includes costs for the consumption profile, contractual flexibility and supplier margin, among others. End-customer prices also include network charges, taxes and levies. A futures price alone is therefore insufficient to assess an offer's quality.
For gas, CO₂ costs must also be considered. According to the European Commission's current information on ETS2 , the new system becomes fully operational in 2028. To convert the wholesale price shown: €59.74/MWh is approximately 5.97 ct/kWh.
What this means for your property portfolio
The market position alone does not justify a general purchasing decision. Owners, asset managers and property managers should assess procurement needs, budgets and risk requirements together. A prepared tender makes it easier to respond to offers within defined rules.
Assess delivery years separately: Lower prices for later years can reduce the average price of multi-year procurement. They do not change the price of delivery in 2027.
Define decision rules: Clarify responsibilities, price targets and approvals before tendering.
Record contractual deadlines: Bring together contract terms, termination dates and open volumes for each supply point.
Prepare the data: Prepare consumption and supply point data so that offers can be obtained on the same basis.
NeoBid combines market data, portfolio strategy and a complete data foundation in a structured procurement process. We explain in more detail the data foundation for an energy tender and the decision rules for rational energy procurement.
Data basis and timing
NeoBid Research based on EEX settlement prices for German Power Base and THE Natural Gas Year Futures, as at 9 September 2026. Comparisons refer to 3 July and 7 August 2026. The figures describe that market position and are not live prices. This is not an investment or trading recommendation.
How ready is your portfolio for a 2027 tender?
Discuss with NeoBid which data, contractual deadlines and decisions should be prepared for your next tender.
