EnergyReader · 2026-08-08 21:28

Qatar Supply Loss and Thin Storage Underpin German Baseload at €131

By EnergyReader Newsroom · August 8, 2026

German baseload front-month was priced at €131.18/MWh on 2026-08-08, with the Q+1 contract at €135.95/MWh suggesting traders see no near-term relief. The Cal+1 at €103.06/MWh is a divergence: the curve is pricing current tightness as seasonal rather than permanent, but no one is willing to sell the front of the book until the storage situation resolves.

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