Research

04 Sep 2026

European solar: Lower solar generation and higher gas prices improve capture prices in August

Summer is usually a time of lower solar capture prices. But lower solar generation than July and higher gas prices have boosted solar capture prices in August. One outlier is Spain - is the market too cannibalised to be saved by a gas price rally?

European gas prices rise above €60/MWh in July as gas storage hits its lowest point in years

Research

13 Aug 2026

European gas prices rise above €60/MWh in July as gas storage hits its lowest point in years

European gas prices rallied to above €60/MWh again in July and August. The market is tight - gas storage levels are at their lowest point for the month in at least 15 years. EU storage targets now introduce a timing risk: fill storage now and risk high prices in September, or lower the targets and be exposed to potential shortfalls and price spikes in winter? This timing matters for consumers - but also for wind, solar, and BESS assets, which have their revenues boosted by higher gas prices.

How higher gas prices boosted European BESS revenues in March

Research

08 Apr 2026

How higher gas prices boosted European BESS revenues in March

Gas prices surged in early March on the back of the war in Iran. After a month of higher gas prices setting European peak power prices and widening spreads, it's time to take stock of how this impacted BESS revenues.

Slow Reserve day one - gas dominance and pricing quirks

Research

01 Apr 2026

Slow Reserve day one - gas dominance and pricing quirks

Great Britain's new Slow Reserve product cleared its first auction on 31 March 2026. Gas took 75% of the 1,800 MW requirement.

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Modo Energy (Benchmarking) Ltd. is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority (Firm number 1042606) under Article 34 of the Regulation (EU) 2016/1011/EU) – Benchmarks Regulation (UK BMR).

Research

European solar: Lower solar generation and higher gas prices improve capture prices in August

European gas prices rise above €60/MWh in July as gas storage hits its lowest point in years

How higher gas prices boosted European BESS revenues in March

Slow Reserve day one - gas dominance and pricing quirks

More research

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