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Energy Market in Brief – July 2026: Energy Prices for 2027

  • Jul 30
  • 2 min read

Power & Gas 2027: Easing, or Just a Short Pause?

Delivery year 2027 currently acts as a seismograph for geopolitical developments. After a strong rise, prices pulled back markedly. For real estate portfolios, though, the decisive question is not whether prices rise or fall today — but whether the portfolio is ready when a market window opens.



The picture in July

On the forward market (EEX), power for delivery year 2027 currently trades at €104.53/MWh and gas at €43.41/MWh (settlement 28 July). Versus late June that is a marked increase — power 2027 +13.7%, gas 2027 +22.6% — with the escalation in the Middle East seen as the main market driver.


What matters is where the move sits: concentrated in the near year, 2027. Later delivery years rose far less (power 2029 +3.0%, gas 2029 +5.6% since late June — versus +22.6% in near-year gas). The risk premium is concentrated in the nearest delivery year.


Up first, then a first counter-move

Gas 2027 shows the dynamic clearly: since early July the price rose by roughly 28% to a high of €47.35/MWh (24 July) and then eased to €43.41/MWh (28 July) — about −8% off the high. The move takes out part of the premium — but does not remove it entirely. The price level remains clearly above that of late June.


One important note: these figures are wholesale benchmarks, not end-customer prices. The full price is built from the future + profile/margin + grid fees, taxes and levies (for gas plus CO₂, EU-ETS2 from 2027). The future is the market anchor against which a fair offer can be measured.


What it means for your portfolio

The core takeaway is not "buy now" but: it is not the deadline that decides, but the strategy. The pullback shows how quickly opportunities can arise — and how quickly geopolitical news can turn the picture again. Anyone who has to procure for 2027 should therefore be decision-ready now, not only at the next swing.


Readiness is built before the buying day:

  • Market windows can open at short notice — and close just as fast.

  • A successful tender begins with sound preparation, not on the buying day.

  • The best window is worthless if metering points, contract and consumption data are not tender-ready.

  • A clear procurement strategy is the basis for fast, well-founded decisions.


This is exactly where NeoBid comes in: we combine market data, portfolio strategy and a complete data base into a structured procurement process — transparent, and through competition rather than a single quote.


How tender-ready is your portfolio for 2027?


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