ENERGY PRICES
Electricity Price Today: Price, Trends and Forecast 2026 | Tacto
08.06.2026
Current electricity price based on the EEX German Baseload Cal-27 future (around 92.71 EUR/MWh as of 4 June, slightly below the May high of 96.20 EUR/MWh). Trend analysis on the TTF coupling through the Hormuz blockade, the BDEW electricity price analysis at 16.7 ct/kWh for industrial new contracts, and the industrial power-price programme for the 91 KUEBLL sectors. Cal-27 remains 14.5 percent above the prior year. Scenarios and procurement recommendations for European industrial buyers.
AT A GLANCE
- EEX Cal-27 at around 92.71 EUR/MWh in early June, slightly below the May high of 96.20 EUR/MWh, but still 14.5 percent above the prior year.
- As long as TTF stays above 45 EUR/MWh through the Hormuz blockade, gas sets the power price in peak hours. No path below 90 EUR/MWh for Cal-27.
- BDEW reports 16.7 ct/kWh for new contracts for small and medium industrial firms, 5 percent more than the prior year.
- Industrial power-price programme: up to 50 percent off the wholesale price for half of consumption for eligible KUEBLL sectors, that is 15 to 25 EUR/MWh.
Contents
What is moving the price right now?
EEX German Baseload Cal-27 stands at around 92.71 EUR/MWh in early June, slightly below the May high of 96.20 EUR/MWh. As long as TTF stays above 45 EUR/MWh through the Hormuz blockade, the power price will not come down either: in peak hours, gas sets the price.
Cal-27 has corrected from the May high but remains 14.5 percent above the prior year. BDEW reports 16.7 ct/kWh for new contracts for small and medium industrial firms, 5 percent more than the prior year.
Part of this can be cushioned by the industrial power-price programme. Companies in the 91 KUEBLL sectors (metals, chemicals, glass, paper, plastics and others) receive up to 50 percent off the wholesale price for half of their consumption, that is 15 to 25 EUR/MWh less. The requirement is the matching WZ code.
Staggering Cal-27 below 93 EUR/MWh is still possible now, but the window closes with the next Hormuz escalation. The only real variable on the demand side is the industrial power price: for eligible plants it can make the difference between 93 and 68 EUR/MWh.
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What does this mean for procurement in DACH?
Stagger Cal-27 now across two or three tranches over the next six weeks. The forward visibly breathes with TTF, and a single anchor order on a fixed day finances the volatility without any corrective. One possible structure: fix the first tranche at the current level, add the second on a drop below 88 EUR/MWh, keep the third flexible.
Check eligibility for the industrial power price directly in the next tender. For eligible plants it is the single biggest lever on the cost side and should be priced in before the tranche decision.
Tie power contracts to the EEX forward with a clearly defined reference period. As long as gas sets the price, there is no path below 90 EUR/MWh for Cal-27, and the industrial power price remains the relevant counter-move.
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Electricity Price Outlook: Assessment from Our Procurement Intelligence Team
Base Scenario
For the next 4 to 6 weeks we expect 85 to 98 EUR/MWh. As long as TTF stays above 45 EUR/MWh, gas sets the power price in peak hours. Staggering Cal-27 below 93 EUR/MWh is still possible, the window closes with the next escalation. The industrial power price can be worth 15 to 25 EUR/MWh for eligible plants.
Risk Scenario
On Hormuz escalation (TTF toward 60 EUR/MWh), a hot summer and French reactor outages we see 100 to 115 EUR/MWh. Probability 20 to 25 percent.
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Frequently Asked Questions
Because the wholesale electricity price in Europe follows the merit order principle: the most expensive power plant needed to meet demand sets the price. As long as gas plants are the marginal producer during peak hours, gas prices continue to directly influence electricity prices.
Because the day-ahead market reacts hourly to supply and demand. In March 2026 this means high intraday volatility driven by renewable generation swings, while the forward market smooths these fluctuations into more stable procurement-relevant price bands.
Because negative hours do not automatically reduce the price of a standardized industrial supply contract. Most industrial consumers buy on forward contracts or structured PPAs where negative spot hours have limited or no impact on the contracted rate.
When the supplier operates an electricity-intensive process and their procurement logic actually tracks wholesale markets. The claim must be verifiable against EEX forward curves and actual contract structures, not against generic 'energy prices are high' statements.
Because household electricity prices are barely relevant for industrial procurement. For purchasing, wholesale prices (EEX base and peak), PPA rates, and the structure of industrial supply contracts matter — not the consumer tariff with its taxes, levies, and grid fees.
