EUROPEAN ENERGY TRADING INTELLIGENCE

The Platform Built for 30+ Price Zones, 3 Currencies, and Mandatory Carbon

Not adapted from US markets. Not generic BI with energy charts. Built from the ground up for European power (EPEX, Nord Pool, N2EX GB), TTF/NBP gas, and EU ETS carbon — where clean spreads, cross-border flows, and REMIT II compliance are native, not afterthoughts.

See the live demo →

The demo runs on live market data, no account needed. Early adopters lock 50% pricing. Direct product team access. 6 cities: London, Geneva, Amsterdam, Düsseldorf, Oslo, Paris.

voltstack — european-markets
EPEX DE_LUloading
EPEX FRloading
EPEX NLloading
Nord Pool NO2loading
[reading the auction]
EU storage: loading
Reading the day-ahead auction and EU storage.
NEGATIVE PRICE RADAR · LIVE TODAY

Europe's power markets went sub-zero for 13 hours today

INDICATIVE
Negative hours today
13h
Zones sub-zero
4
Deepest print
€-10
Spain
🇪🇸 Spain7h neg
low-10 @06h
🇩🇪 Germany3h neg
low-4 @07h
🇳🇱 Netherlands2h neg
low-2 @07h
🇧🇪 Belgium1h neg
low-1 @07h
🇫🇷 France
low9 @08h

Source: ENTSO-E Transparency day-ahead prices (A44), today, €/MWh UTC. The red band is every hour the wholesale price fell below zero - when Europe's grid pays buyers to consume. Free, live, built on Voltstack.

NEGATIVE PRICE RADAR · LAST 30 DAYS

Spain spent 156 hours below zero in the last 30 days

INDICATIVE
EU negative hours · 30d
605h
Sub-zero today
13h
4 zones
Deepest today
€-10
Spain
🇪🇸 Spain
156h · 15.9%
🇳🇱 Netherlands
72h · 10%
🇩🇪 Germany
72h · 10%
🇫🇷 France
72h · 11.3%
🇦🇹 Austria
61h · 8.4%
🇧🇪 Belgium
58h · 8%
🇩🇰 Denmark W
42h · 5.8%
🇸🇪 Sweden S3
13h · 1.7%

Source: ENTSO-E Transparency day-ahead prices (A44), rolling 30-day window. Hours below €0/MWh - when Europe's grid pays buyers to consume. Free, live, built on Voltstack.

WHY EUROPE IS DIFFERENT

The European Differentiator

DimensionUS MarketEuropean MarketVoltstack
PricingNodal (10,000+ nodes)Zonal (30+ zones, 1 price/zone)Native zonal: EPEX, Nord Pool, OMIE, GME, N2EX (GB)
ReferenceReal-time 5-min pricesDay-ahead 12:00 CET auctionDay-ahead auction results, hourly blocks
GasHenry Hub USD/MMBtuTTF EUR/MWh (more liquid since 2022)TTF, NBP, PSV, PEG with auto FX
CarbonOptional/RGGIEU ETS mandatory in everythingLive EUA/UKA carbon integration
CurrencyUSD onlyEUR, GBP, NOK/SEK/DKKMulti-currency native, auto conversion
Cross-borderMinimalCentral (IFA, NSL, BritNed, Nemo)12+ interconnectors, real-time flows
RenewableGrowing minorityStructural (DE 50%, DK 80%)Generation mix tracking, GB wind forecast vs outturn (NESO)
RegulationFERCREMIT II + MiFID II + GDPRAudit trail as by-product

Source: Voltstack European Market Analysis, 2026

GLOBAL ENERGY BENCHMARKS

The macro backdrop, live on the desk

INDICATIVE · published series, settles in arrears
Brent CrudeD
84.36
USD/bbl 4.83%
WTI CrudeD
80.90
USD/bbl 4.60%
Henry Hub GasD
3.06
USD/MMBtu 0.00%
EU Natural GasM
15.90
USD/MMBtu 3.31%
Coal (Australia)M
141.45
USD/mt 0.46%

Source: FRED (St. Louis Fed) — Brent/WTI/Henry Hub daily spot; EU gas & coal monthly (IMF/World Bank). These are published reference series, not real-time quotes: daily spot settles ~1 week in arrears and monthly series a month back, so the as-of date on each card trails today's screen. Real-time, exchange-licensed forward curves (TTF, NBP, EUA) available to Voltstack subscribers.

SELECT YOUR WORKFLOW

Built for Your Role

HENRIK
Head of European Power Trading
Düsseldorf, Essen, Amsterdam, London, Geneva
Pain

"My traders maintain private spreadsheets because our platform doesn't understand TSO-specific reserve products or cross-venue fragmentation."

Solution

Constraint mgmt auto-repricing, aFRR/mFRR technical constraints, cross-venue order book fragmentation detection.

Buying Trigger

Missed French nuclear outage, €2M loss when FR-DE spread inverted.

SOPHIE
Gas & LNG Analyst
London, Geneva, Rotterdam
Pain

"I spend 70% on ETL pipelines: AGSI+ CSV downloads, manual TTF-NBP basis calcs, JKM arb modeling in Excel."

Solution

AGSI+ auto-updating, TTF/NBP/PSV with currency conversion, JKM-TTF arb on your own curve feed, no more CSV reconciliation.

Buying Trigger

Head of gas asked for storage-vs-forward analysis at 08:30, delivered at 11:00.

THOMAS
Head of Compliance / REMIT Officer
Geneva, London, Baar (Swiss houses)
Pain

"REMIT II expanded scope Oct 2024. My team of 3 is drowning. ACER levied €123M in fines last year."

Solution

Every analytical interaction timestamped, REMIT-ready audit trail, cross-venue lifecycle tracking, information boundary detection.

Buying Trigger

ACER inquiry about suspicious patterns, 6 weeks + €150K legal fees for false positive.

WHAT IS LIVE TODAY

Public Sources, One Desk

CapabilityLive in ProductionSource
Power Day-Ahead11 EU bidding zones with multi-currency handling, plus GB via the N2EX auctionENTSO-E, Nord Pool N2EX
German Imbalance15-minute imbalance price estimates ahead of settlement (an estimate, not settled reBAP)TSO AEP estimator, netztransparenz.de
RedispatchGerman redispatch volumes and costs back to 30 June 2024netztransparenz.de
Grid ConstraintsCore and Nordic flow-based constraintsJAO
Outages & UMMsGeneration outages and REMIT urgent market messages, every revision with its publication time since 14 July 2026ENTSO-E, Nord Pool, Gassco
Gas Storage & LNGEU storage and LNG sendout from 2015GIE AGSI+ / ALSI+
Storage DeliverabilityFill-adjusted withdrawal capacity, history from 2015ENTSOG curves x GIE AGSI+
Nordic HydroReservoir levels from 1995NVE
CarbonEUA primary auction printsSource: EEX
GB BalancingBalancing mechanism acceptances, every revision since 14 July 2026Elexon BMRS
Point-in-TimeEvery revision of outages, REMIT messages, redispatch and GB balancing acceptances since 14 July 2026, plus 350 forecast and constraint series since 31 July 2026. Prices are not versioned.Voltstack capture
Your Own MarksBring your own datafeeds and desk marks by CSV, private to your workspaceYour desk
AlertsRule alerts on seven server-evaluated series, Telegram with email fallbackVoltstack
Data APIKeyed read-only REST API with a published specification, in early accessVoltstack /v1
Served in production as of September 2026. There is no licensed TTF, NBP or power futures price on the platform: bring your own marks. Contains BMRS data © Elexon Limited copyright and database right 2026.
NATIVE EUROPEAN CAPABILITIES

The Full-Stack Architecture

ZONAL POWER INTELLIGENCE

  • Day-ahead auction results: EPEX (DE, FR, NL, BE, AT), Nord Pool (NO, SE, DK, FI), OMIE (ES, PT), GME (IT), N2EX (GB)
  • 30+ zones in EUR, GBP, NOK/SEK/DKK
  • 457 hours of negative prices in Germany 2024 — your tool should flag this

GB POWER

  • N2EX day-ahead auction in hourly GBP/MWh, the GB series ENTSO-E stopped publishing post-Brexit
  • Balancing mechanism: 349,000 accepted offers and bids (production count, 31 July 2026), top of stack, BM-vs-MID spread
  • NESO day-ahead wind and demand forecast against outturn
  • GB generation and system price from Elexon, gas physicals from National Gas Transmission

CLEAN SPREADS & CARBON

  • Clean spark/dark spread models: configurable heat rates, emission factors, bring your own fuel curves
  • Live EUA/UKA carbon cost integration
  • European traders think in clean spreads, not raw prices

CROSS-BORDER FLOWS

  • 12+ interconnectors: IFA, NSL, BritNed, Nemo, Viking, Kontek, Storebælt
  • Real-time flow, capacity, utilisation %
  • Constraint management mode detection (not just scheduled capacity)
  • When IFA trips, see GB spike and FR→BE redirect in seconds

GAS & STORAGE FUNDAMENTALS

  • GIE AGSI+ storage by country with 5-year bands, ALSI LNG send-out by terminal
  • ENTSOG pipeline flows: actuals vs. nominations
  • TTF, NBP, PSV, PEG, ZTP forward-curve analytics, built and ready: plug in your licensed curve feeds
  • JKM-TTF LNG arbitrage indicator on your own curves
  • REMIT UMMs with full revision chains
REMIT II READY

Regulation as Competitive Advantage

RegulationWhat It IsVoltstack Relevance
REMIT IIExpanded T+1 reporting to ACER, new data fields, unlimited finesEvery analytical interaction captured, timestamped, traceable. Audit trail as by-product of analytics.
MiFID IIPosition reporting, best execution for energy derivativesPosition monitoring widgets, execution analytics.
GDPRData protection, EU residency requirementsEU data residency (Ireland/Frankfurt), DPA included.
ACER Enforcement€123M fines in 2024, enforcement budget tripled since 2022Compliance burden becomes competitive advantage.
IN EVALUATION

Where the Desk Is Being Tested

One of the world's largest macro funds

The market data team's question was when point-in-time tracking began. It began on 14 July 2026, and two months of it have accrued since.

Data API under review
An Asian trading house running European gas and power

Ran the desk on a trial through the summer with point-in-time replay as the adoption test. Their read at the end: useful for TTF and power trading, and a question of timing.

Trial complete, door open
The gas and power desk of a global commodity trading house

Saw the live desk in a July demo, took the data dictionary and documentation pack, and has been offered a working week on the desk in October.

Demo held, live test offered
A European oil and gas major

Two calls with the trading analytics team, in April and July, on where the desk sits next to their in-house data platform.

In discussion
Firms are described, not named. Status as of September 2026.
VOLTSTACK INTELLIGENCE

Research & Market Analysis

View all research →
SCENARIO ANALYSIS · LIVE FEED21 September 2026

Kapotnya, Again: Physical Panic, Paper Calm

The largest Ukrainian strike of the war hit a Moscow refinery that has been dark since June, so it removed no barrels. The stress is in prompt physical crude, where the EIA Europe Brent spot printed 130.80 against an ICE front month at 103.87, and in diesel. For a European gas and power desk the winter premium is a storage fact: EU fill under its five-year minimum, Ukraine's import channel dormant, TurkStream the tail with a number on it. Four scenarios, positioning, and every platform series sourced from Voltstack.

Moscow RefineryDated BrentDiesel CrackTTF Q1-27EU Gas StorageTurkStreamHU-DE SpreadScenarios
Read full analysis →
BRENT SPOT VS M1
+$25/bbl
130.80 EIA spot vs 103.87 ICE
EU STORAGE 19 SEP
69.6%
5-yr min 71.9, avg 85.4
TURKSTREAM ENTRY
487 GWh/d
Strandzha 2, gas day 20 Sep
KAPOTNYA BARRELS LOST
0
offline since 18 June, into 2027
TRADE THESIS · LIVE FEED13 August 2026 · updated 28 August

The Empty Auction: Nobody Will Pay to Store Europe's Winter

Germany's largest gas storage site offered firm capacity three times for storage year 2026/27 and allocated zero, because the seasonal spread is negative and injection at market prices locks in a loss. A fourth attempt cleared 5 TWh on 13 August, but only as an options product with no obligation to inject; the site is still about 8% full. The buffer Europe carries into winter is built by obligation, not economics. The trade: long TTF Q1-27 against short Cal-27, a €16.4 premium at the 28 August print. Falsified by auction results and commissioning cargoes, not forecasts.

EU Gas StorageRehdenSEFETTF Q1-27Cal-27Seasonal SpreadWinter PremiumAGSI+
Read full analysis →
REHDEN SY 26/27
0 GWh firm ×3
13 Aug: options only, site ~8% full
SEASONAL SPREAD
−€1.44
Sep-26 vs Winter-26
EU STORAGE
63.8%
lowest late Aug on AGSI record
Q1-27 − CAL-27
€16.36
was €14.36 at issue on 13 Aug
TRADE THESIS · LIVE FEED16 July 2026

Priced Like 2021, Filed Like 2022: The French Winter Premium the Market Gave Away

French Cal-27 baseload settled at €56.91 on 3 July, its cheapest since 2021 and €36 under Germany — a price that assumes a solid nuclear winter. The forward availability curve we derive daily from ENTSO-E outage filings shows the filed October fleet below September, while southern Norway's reservoirs sit near a 30-year low and EU gas storage near half. The trade: long FR Q1-27 baseload against short FR Cal-27. Falsified by filings, not forecasts.

French NuclearEDFOutage FilingsFR Q1-27Cal-27NO2 HydroWinter PremiumENTSO-E
Read full analysis →
FR CAL-27
€56.9
lowest since 2021
FILED OCT FLEET
45.4 GW
below September
NO2 RESERVOIRS
50.7%
vs 71.5% median
HEAT CURTAILED
6.3 GW
13 Jul · 8 units
EUROPEAN EARLY ACCESS PROGRAM

Join the European Early Access Program

No spam. We trade energy, not data. EU data residency available.

WHAT YOU GET

  • 50% pricing locked vs. GA rates (annual billing alignment)
  • Dedicated onboarding + direct product team access
  • Influence roadmap: TSO coverage, asset classes, features
  • EU data residency (Ireland/Frankfurt) for Enterprise
  • First access to Trayport integration (Enterprise roadmap)
  • GDPR-compliant DPA included
Data Sources
ENTSO-EEPEX SPOTNord PoolAGSI+JAOOMIEGMETrayport*

* Roadmap. TSOs: TenneT, 50Hertz, Amprion, Energinet, National Grid ESO