Energy Market Update – Week 26/2026: What Current Electricity and Gas Prices Mean for Real Estate Portfolios

Transparency Creates Better Procurement Decisions

For many real estate owners and asset managers, energy procurement remains one of the least transparent cost drivers. Market movements are complex, procurement timing is difficult, and strategic decisions are often based on limited market visibility. With our regular Energy Market Updates, we aim to simplify the latest developments and translate market data into practical insights for real estate professionals.

As of 26 June 2026, the European Energy Exchange (EEX) shows electricity futures for delivery in 2027 trading at €91.93/MWh, while natural gas futures stand at €35.41/MWh. Compared to the previous week, both markets eased slightly, with gas recording a particularly notable decline of around 11% over the past month.

Forward Markets Offer Strategic Opportunities

One of the most relevant observations for portfolio managers is the current shape of the forward curve. Electricity contracts become progressively cheaper from 2027 to 2029, declining from approximately €92/MWh to €75/MWh. Gas follows the same pattern, moving from around €35/MWh to €26/MWh over the same period.

It is important to understand what this means—and what it does not. A declining forward curve is not a prediction that prices will continue to fall. Instead, it reflects today's market pricing for future delivery years. For procurement strategies, however, it opens opportunities to diversify purchasing across multiple delivery periods rather than relying on a single procurement date.

Volatility Remains a Defining Market Characteristic

Despite lower forward prices, short-term market volatility remains significant. During the recent European heatwave, day-ahead electricity prices temporarily reached record highs as reduced cooling capacity forced several French nuclear power plants to lower output. At the same time, European gas storage facilities remain only around 47% full, while geopolitical developments surrounding LNG supply routes and ongoing tensions in the Middle East continue to influence market sentiment.

For real estate portfolios, the key takeaway is clear: successful energy procurement is driven by strategy rather than timing. Spreading procurement volumes across different delivery years can reduce exposure to short-term price spikes while benefiting from more attractive forward pricing.

At NeoBid, we support real estate companies with transparent, data-driven energy procurement strategies that replace uncertainty with informed decision-making. As market conditions continue to evolve, a structured procurement approach becomes an increasingly valuable competitive advantage.