26/10/2026 – Cold November over Europe. Gas prices are running, crossing the 97 mark €/MWh (front-month TTF) – Read more news

GAS & POWER: Gas markets opened the week with a significant upward gap, up 5% from Friday's shutdowns and above the 97 €/MWh mark on the FM TTF, supported by a cold review of temperatures in the first half of November, expected everywhere below average levels, and low wind generation capacity. Momentum remains staunchly bullish, with 15 of the last 18 closed sessions rising.

ITALIA: With Resolution 376/2026, ARERA defined the rules of the liquidity service provided for by the Bollette Decree, the mechanism by which operators selected by Snam, for a premium, commit to offering gas to the PSV at a price equal to the TTF plus a volatility consideration. The overall budget is set at 200 million euros, while full implementation is postponed to 1° October 2027, with January and February instead seeing an experimental phase, with a tender by 15 December for a maximum of 100,000 MWh/g.