Daily State

Tight system regime

The system is tightening, with day-ahead pricing and frequency reserve rising together.

Snapshot 15 Apr 2026, 05:24Published delivery 2026-04-15German power market briefing

Focus

Tightness is still concentrated in reserve: FCR is strongest in 12-16 at EUR 116.67; if that remains elevated, the system stays tight even without a cleaner directional reserve lead.

Recent development

The regime rotated from Downward shape pressure regime on 12 Apr 2026.

Current state

Tight system regime

Next-day preview appears after publication.

DA AVG

EUR 117.5

Spread EUR 161.6

Control layerStress lead

EUR 9.6

aFRR- average

DA Swap

EUR 44.1k

1 MW / 1 MWh

1 MW / 2 MWh EUR 82.7k

State

Tight system regime

Regime

The system is tightening, with day-ahead pricing and frequency reserve rising together.

Focus

Tightness is still concentrated in reserve: FCR is strongest in 12-16 at EUR 116.67; if that remains elevated, the system stays tight even without a cleaner directional reserve lead.

Recent development

The regime rotated from Downward shape pressure regime on 12 Apr 2026.

Market Surface

Market tape

Market view

Published grid

Delivery 15 Apr 2026

Current block 04-08 · 04:00 - 08:00

Snapshot 15 Apr 2026, 05:24

Strip

DA AVG

DA spread

FCR

aFRR+

aFRR-

Trend

7-day tape

Latest vs prior print

DA AVG

Delivery 15 Apr 2026

EUR 117.5

-15%

Spread EUR 161.6

DA spread

Published strip

EUR 161.6

-16%

Delivery 15 Apr 2026

FCR

Block 04-08

EUR 40.0

-4%

Crossborder EUR 55.2

aFRR+

Block 04-08

EUR 8.3

-2%

Marginal EUR 8.9 · premium +7%

aFRR-

Block 04-08

EUR 1.2

-24%

Marginal EUR 1.3 · premium +15%

Block 00-04

00:00 - 04:00

Published strip

DA AVG

EUR 115.0

Published average

DA spread

EUR 16.1

High-low range

FCR

EUR 18.9

Crossborder EUR 54.0

aFRR+

EUR 3.1

MarginalEUR 3.4

Premium+8%

aFRR-

EUR 1.7

MarginalEUR 1.9

Premium+13%

Block 04-08

Current

04:00 - 08:00

Published strip

DA AVG

EUR 135.5

Published average

DA spread

EUR 57.9

High-low range

FCR

EUR 40.0

Crossborder EUR 55.2

aFRR+

EUR 8.3

MarginalEUR 8.9

Premium+7%

aFRR-

EUR 1.2

MarginalEUR 1.3

Premium+15%

Block 08-12

08:00 - 12:00

Published strip

DA AVG

EUR 109.0

Published average

DA spread

EUR 107.4

High-low range

FCR

EUR 91.7

Crossborder EUR 91.7

aFRR+

EUR 10.9

MarginalEUR 13.3

Premium+23%

aFRR-

EUR 11.8

MarginalEUR 13.6

Premium+16%

Block 12-16

12:00 - 16:00

Published strip

DA AVG

EUR 64.3

Published average

DA spread

EUR 49.4

High-low range

FCR

EUR 116.7

Crossborder EUR 116.7

aFRR+

EUR 3.3

MarginalEUR 3.7

Premium+10%

aFRR-

EUR 34.7

MarginalEUR 39.1

Premium+13%

Block 16-20

16:00 - 20:00

Published strip

DA AVG

EUR 136.5

Published average

DA spread

EUR 124.9

High-low range

FCR

EUR 102.0

Crossborder EUR 102.0

aFRR+

EUR 18.7

MarginalEUR 22.1

Premium+18%

aFRR-

EUR 7.8

MarginalEUR 8.5

Premium+9%

Block 20-24

20:00 - 00:00

Published strip

DA AVG

EUR 144.8

Published average

DA spread

EUR 100.2

High-low range

FCR

EUR 75.0

Crossborder EUR 75.0

aFRR+

EUR 18.0

MarginalEUR 24.8

Premium+38%

aFRR-

EUR 0.8

MarginalEUR 0.8

PremiumN/A

Published pricing, spread, reserve pressure, and strip structure in one surface.

Frameworks

Core views

State · Signals · Pricing · Structural

State

Regime

Tight system regime

The system is tightening, with day-ahead pricing and frequency reserve rising together.

Latest complete 15-minute SPARX print is EUR 248.96 for 2026-04-14. Hourly-smoothed companion is EUR 140.34. Long-run 15-minute mean is near EUR 364. Canonical 15-minute and hourly-smoothed tracks are maintained in parallel. · Data basis 2026-04-14 (T-1)

DE aFRR capacity averages for the latest published delivery day.

Operational net solar and wind capacity from canonical MaStR structural tables. Hydro and biomass families are not part of this mart yet.

View

Archive and access

Latest essay

Seasonal Revenue/aFRR orbit

Published 25 Feb 2026

Open essay

Structural note

184.4 GW operational solar + wind, 26.1 GW operational storage, and 4.6 GW planned grid-scale BESS, plus 1.35 GW battery-qualified FCR.

Top wind remains concentrated in Niedersachsen while top solar remains concentrated in Bayern. The largest planned >=10 MW battery pipeline currently sits in Nordrhein-Westfalen at 0.9 GW. Battery-qualified FCR reached 26.3% of the FCR stack on 2026-01-01.

Access

Subscriber access opens the full terminal.

Regime, SPARX, Balancing, DA Swap, and Grid State remain available through subscriber access.

Orientation

Structural, emerging, immediate

Horizon view

Structural

Lens

Grid and storage still lag renewable build-out.

184.4 GW operational solar + wind, 26.1 GW operational storage, and 4.6 GW planned grid-scale BESS, plus 1.35 GW battery-qualified FCR.

Current read

184.4 GW operational solar + wind, 26.1 GW operational storage, and 4.6 GW planned grid-scale BESS, plus 1.35 GW battery-qualified FCR.

Use

State of the Grid

Emerging

Lens

Spread remains the clearest short-term shift.

Latest DA spread EUR 161.6.

Current read

Latest DA spread EUR 161.6.

Use

SPARX · Balancing

Immediate

Lens

Latest published state against the next published view.

Observed uses the latest published market state. Next only uses published forward data.

Observed

Tight system regime

Delivery 2026-04-15 · Day-ahead level and frequency reserve pricing are jointly elevated, pointing to a tighter system state.

Awaiting next publication