Latest briefings
Three ways to read the market: Daily updates keep you current in two minutes, Briefings dig into the numbers behind the week's moves, and Editorials tell the long stories of how Europe's power system really behaves. Combine the filters below to narrow what you see. Pick as many as you want at each level.
EditorialMarketsSwedenThe summer Malmö stopped paying German prices
Southern Sweden's only direct link to Germany went dark on 21 June. Six weeks later SE4 cleared at €3.70 while Germany paid €94.84.
By Vantage Editorial
EditorialGridThe week the Danube ran out
Record-low water walked Hungary’s four reactors down in seven steps, took a Romanian unit the same week, and repriced the CEE bloc 81 €/MWh above Germany.
By Vantage Editorial
EditorialBESSPortugalSeven hours of free power, one expensive evening
On 19 July the Portuguese zone spent seven hours at zero and cleared 175.76 €/MWh at 21:00: a 175.79 €/MWh spread, 92% above baseline, and July’s opening move.
By Vantage Editorial
EditorialMarketsFinlandThe calm after the glut
Finnish price volatility fell 84% below its two-year norm in the week to 20 July. It was the flattest month in our data, and a pay cut for every flexible megawatt.
By Vantage Editorial
EditorialBESSThe floor beneath the batteries
GB battery revenue swung from £41k to £70k per MW in a single quarter, and the two markets that used to cushion the fall have both been pulled away.
By Vantage Editorial
EditorialMarketsThe month the map flipped
In June 2026 Europe’s negative-price geography inverted: Germany lost 100 negative hours year on year, Finland 113, and Iberia gained what the north gave up.
By Vantage Editorial
EditorialMarketsScarcity at sunset
The June 2026 heat dome inverted a solar-saturated grid: €54 at midday, €549 at 20:00, a Belgian quarter-hour above €1,000. And the Rhine act is still running.
By Vantage Editorial
EditorialMarketsSwedenFour prices, one machine
In July 2026, power averaged €16/MWh in Sweden's north and €95 in its south, a 6× gap in one synchronous grid, as Stockholm blocked 11 offshore wind farms.
By Vantage Editorial
EditorialGridGermanyThe bridge that fed a quarter of Berlin
How an arson fire on one cable bridge severed fifteen cables and left 45,000 south-west Berlin households dark for more than four midwinter days.
By Vantage Editorial
EditorialSolarSpainThe month the sun worked for three euros
Spanish solar capture prices fell from €61 in spring 2023 to €2.97 in May 2025. We computed the collapse from our own data, and it has reached winter.
By Vantage Editorial
EditorialGridThe frequency was free: what the Baltics actually bought when they left BRELL
The Baltics did not lose cheap Russian power when they cut the last nine wires. They lost a free frequency service, and this is the invoice for insourcing it.
By Vantage Editorial
EditorialGridGermanyThe wire Bavaria buried
Germany spent €3.071bn in 2025 moving electricity that had nowhere to go, then refused the market split its own operators’ study recommends.
By Vantage Editorial
EditorialGridNetherlandsThe country that stopped promising power
Why 15,014 Dutch businesses are queueing for power they cannot have, what replaced the promise of firm capacity, and why households joined the queue on 1 July.
By Vantage Editorial
EditorialRegulationA parameter, not a participant
Inside the machine that computes what Europe may trade, outside the market it clears. Switzerland after seventeen years at a door it never walked through.
By Vantage Editorial
EditorialGridThe countdown nobody could see
How one switch in a Croatian substation tore the continental grid in two in forty-three seconds, and why the defence plan that caught it could not save Iberia.
By Vantage Editorial
EditorialSolarGermanyThe summer power cost less than nothing
Why Europe’s sunniest Sundays now clear below zero, who pays to generate at minus 250 euros, and why the system cannot simply switch the solar off.
By Vantage Editorial
EditorialMarketsGermanyDunkelflaute: the weeks the wind forgot Germany
Two windless, sunless weeks in late 2024 pushed German day-ahead prices past 900 €/MWh, exported the pain to Oslo and Stockholm, and put cables on the ballot.
By Vantage Editorial
EditorialGridSpainFive seconds in April: anatomy of the Iberian blackout
How a voltage surge nobody had planned for switched off Spain and Portugal in under thirty seconds, and what the overnight restart reveals about AC grids.
By Vantage Editorial
EditorialMarketsFranceWhen the rivers ran warm: how France's nuclear fleet broke in 2022
Warm rivers and millimetre-deep cracks took Europe's biggest power machine to a thirty-year low and made France a net importer for the first time since 1980.
By Vantage Editorial