NewsSignals AI analysis·Reuters·Nov 2, 2026

Cold weather to keep European spot power prices high

Grade Abullish AI signal$EUR

Cold temperatures across Europe are keeping French and German spot electricity prices above €250/MWh as heating demand increases. German day-ahead power prices stood at €255.7/MWh and French prices at €254/MWh, while colder-than-normal temperatures are forecast across several European countries. With next-week power contracts also remaining above €200/MWh, sustained heating demand could keep electricity prices elevated and increase pressure on European energy markets.

Bullish strength: 75/100

Below-average temperatures are driving higher heating demand.
French and German spot electricity prices remain above €250/MWh.
Week-ahead contracts remain elevated at €221/MWh in France and €238/MWh in Germany.
Colder temperatures are forecast to persist through the end of the week.

Bearish strength: 25/100

German day-ahead electricity prices declined 1.4%.
French day-ahead electricity prices declined 0.8%.
Rising wind power production could increase electricity supply.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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