Why are Power - German Baseload (EEX) Prices so high?
09-12-2025 - Over the past month, the German Baseload (EEX) price has decreased from €101.14/MWh to €91.88/MWh, indicating a downward trend in the raw material market. This decline may be attributed to changes in supply-demand dynamics or external economic factors impacting energy prices. The forecast for the German Baseload (EEX) suggests a slight increase to €93.66/MWh, up by €1.78/MWh or 1.9% from the current price of €91.88/MWh, indicating a potential upward trend. However, this comes with the risk of volatility in raw material prices.
The current forecast also highlights a downward price impact of -€1.39/MWh due to technical factors, particularly Calendar Effects. In contrast, data on Demand and Flows suggest upward pressure, presenting mixed signals in the raw materials market.
According to Vattenfall's December 2025 market outlook, the European electricity forward market has been on a downward trajectory. Despite initial bullish conditions in the spot market driven by cooler temperatures and low wind feed-in, forward prices for the 2026 base product have decreased from early November highs of €91/MWh to just over €87/MWh by late November. This decline continued into early December, with prices falling below €85/MWh, influenced by weak gas prices and a decoupling from emission allowance markets. This analysis contrasts with the forecast's suggestion of an upward trend in the EEX Power market.
The current forecast also highlights a downward price impact of -€1.39/MWh due to technical factors, particularly Calendar Effects. In contrast, data on Demand and Flows suggest upward pressure, presenting mixed signals in the raw materials market.
According to Vattenfall's December 2025 market outlook, the European electricity forward market has been on a downward trajectory. Despite initial bullish conditions in the spot market driven by cooler temperatures and low wind feed-in, forward prices for the 2026 base product have decreased from early November highs of €91/MWh to just over €87/MWh by late November. This decline continued into early December, with prices falling below €85/MWh, influenced by weak gas prices and a decoupling from emission allowance markets. This analysis contrasts with the forecast's suggestion of an upward trend in the EEX Power market.
What is the current / spot price of Power - German Baseload (EEX)?
Power - German Baseload (EEX) Price Today
December 9, 2025
Current Price
91.88
What is the forecast for the price of Power - German Baseload (EEX)?
Power - German Baseload (EEX) Price Forecast
December 9, 2025
1 Month Forecast
93.66
1 Year Forecast
131.21
What are the short-term drivers of Power - German Baseload (EEX) prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - EWMA-based technical analysis - The shape of the futures curve Br(None) The top contrary drivers for the 1 Month horizon are: - Seasonality trends for the prediction month of year - Seasonality trends for the prediction week of year - Short term price trends
What are the long-term drivers of Power - German Baseload (EEX) prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - EWMA-based technical analysis - The shape of the futures curve - Short term price trends Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends - Seasonality trends for the prediction month of year
Will the price of Power - German Baseload (EEX) go up?
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