European electricity prices generally fall, and the impact of natural gas decreases
According to TRADINGECONOMICS, the electricity prices of Germany, Italy, and the United Kingdom, the top three energy storage installed countries in Europe, are 68.54/95.75/61.00 euros/MWh respectively. Although there are certain price fluctuations on a monthly basis, they are at a lower level than the peak during the energy crisis in 2022. Low shock. The natural gas price index quoted $1.6822/MMBtu last Friday and will continue to trend downward after the year. In the short term, it will be difficult for European electricity prices to rise significantly.
Energy storage subsidy policy maintains bottom line for household storage demand in Europe
Fluctuations in European electricity prices determine the upper limit of energy storage demand, while the subsidy intensity and stability of European policies maintain the lower limit of energy storage demand. Taking Italy as an example, from February to April 2023, the government suspended the Superbonus subsidy plan due to deficit pressure, and reduced the Superbonus subsidy intensity in 2024 and 2025 after restarting, causing construction at thousands of construction sites to come to a standstill. In the end, the government had to extend the Superbonus scheme to a limited extent. It can be seen that the current European energy storage market demand is relatively fragile and highly dependent on policies. Current policy disturbances will become the core contradiction of European energy storage demand.