This is a reference for reading European power and gas markets, written so you can keep it open next to a market report.
What is in it:
Units and conversions: MW against MWh, kWh to TWh, each gas hub’s own unit.
The trading timeline: forwards, day-ahead, intraday, balancing, and the move to 15-minute prices.
The merit order and pay-as-clear pricing.
Forward curves: contango and backwardation.
Spreads: spark, dark, clean spark, and clean dark.
Why prices go negative.
A glossary.
Nothing is made up, and every figure cites its source. It is reference material, not investment advice.
Subscribe and I'll send the guide with your welcome email.
One email a week: sourced data, a stated method and a plain reading of power, energy and commodity markets. Unsubscribe any time.
I'm Edris Derakhshi and I write EdiQuant. I'm experienced in financial content writing with a background in quantitative commodity research, and I'm studying for a master's degree in energy markets and finance.