Europe · 6–12 month physical outlook

Europe’s Seasonal Electricity Buffer

Are gas storage, water reservoirs and planned firm generation on track for the next winter and the following refill season?

REFILL SEASON

Tight

NEXT MILESTONE Oct 1

19 days Gas 68.0% full · binding constraint: Gas + regional hydro.

Six-to-twelve-month seasonal outlook

Europe seasonal electricity buffer

Data through Sep 12, 2026
Refill season 19 days to EU 90% target window opens ·

Seasonal state · binding constraint: Gas + regional hydro

Tight across gas and regional hydro heading into the coming winter

Gas storage is 16.2 percentage points below its five-year level for this date. A typical historical path reaches 70.5% by Oct 1. Norway reservoirs are 17.4 percentage points below their nve 20-year median for iso week 36.

Confidence medium · France schedule covered · forced outages excluded

The same storage level can mean two different things. Storage normally builds as Europe prepares for winter. Gas and water reservoirs therefore need their own calendar-matched normal: 60% can be comfortable near spring minimum and tight before winter.

01 · Gas bufferTight

68.0% full

Seasonal median
84.2%
Gap today
-16.2 pp · -183 TWh
14-day pace
+2.73 TWh/day
Needed for milestone
+13.08 TWh/day
Typical path at milestone
70.5%

Gas storage is 16.2 percentage points below its five-year level for this date. A typical historical path reaches 70.5% by Oct 1.

02 · Reservoir hydro3 regions scored
Norway Nordic anchorTight

63.6% full · 55.6 of 87.4 TWh

-17.4 pp vs seasonal benchmark · +0.2 pp/week

Through · NVE 20-year median for ISO week 36
Sweden Swedish systemBelow normal

73.8% full · 24.8 of 33.7 TWh

-6.7 pp vs seasonal benchmark · +0.6 pp/week

Inflow 1,566 GWh · 137% of long-run median

Through · Energiföretagen 1960–2025 mean for ISO week 36
Switzerland Alpine anchorBelow normal

73.1% full · 6.5 of 8.9 TWh

-9.0 pp vs seasonal benchmark · +1.2 pp/week

Through · Five-year median for ISO week 37

Norway, Sweden and Switzerland are scored separately against their own seasonal norms. These are price-relevant regional anchors, not a fabricated Europe-wide hydro percentage.

130.0 TWh capacity covered Current hydro output: 15.1% of reported European load. Output does not affect the reservoir score.
03 · Firm generationBroad schedule

51.2 GW planned available next winter

Installed baseline
63.0 GW
Nov–Mar availability
81.4%
Winter low point
43.4 GW · Nov 2026
Schedule horizon
Sep 14, 2027

France is the firm-power anchor. Available MW equals current installed nuclear capacity minus active planned ENTSO-E outages after revision, cancellation and withdrawal handling. Forced outages and future failures are excluded.

France nuclear · planned outages · units ≥100 MW Current nuclear output: 23.8% of reported European load. It does not change the planned schedule.
Current market confirmation Sep 13, 2026 Residual demand 4.21 TWh/day Renewable cover 49.5% DE-LU day-ahead — EUR/MWh

Observed AGSI storage · forward historical-pace scenarios

EU gas storage: where the seasonal path points next

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Source: Gas Infrastructure Europe (GIE), AGSI. Published Sep 12, 2026. How the seasonal scenario is calculated
View recent daily values
Seasonal gas-buffer path — observed history and selected forward scenario points
DateTypeObserved5-year seasonal medianTypical historical paceHistorical path rangePolicy reference
Mar 14, 2026 Observed 29.1% 35.2%
Apr 25, 2026 Observed 31.5% 38.1%
Jun 6, 2026 Observed 42.1% 50.5%
Jul 18, 2026 Observed 53.7% 64.7%
Aug 29, 2026 Observed 64.7% 80.1%
Oct 10, 2026 Scenario 91.4% 71.5% 69.7–75.2% 90%
Nov 21, 2026 Scenario 88.8% 69.8% 63.7–78.7% 90%
Jan 2, 2027 Scenario 71.3% 51.3% 46.2–67.3%
Feb 13, 2027 Scenario 45.9% 30.5% 20.7–49.5%
Mar 27, 2027 Scenario 33.5% 24.0% 8.4–39.7%
May 8, 2027 Scenario 41.9% 34.5% 16.8–45.8%
Jun 19, 2027 Scenario 55.1% 48.8% 29.9–58.3%
Jul 31, 2027 Scenario 69.3% 59.6% 43.4–69.7%
Sep 4, 2027 Scenario 81.9% 67.0% 53.6–79.4%
Sep 11, 2027 Scenario 84.0% 67.7% 54.8–81.5%
Current market confirmation — recent reported Europe power observations
DayDemandResidualExpectedRenewablesNuclearHydroGas
Sep 13, 2026 6.16 TWh 4.21 TWh 6.37 TWh 49.5% 23.8% 15.1% 11.2%
Sep 12, 2026 6.47 TWh 4.55 TWh 6.69 TWh 49.1% 22.6% 17.3% 11.4%
Sep 11, 2026 7.40 TWh 5.43 TWh 7.52 TWh 46.8% 20.5% 18.4% 14.8%
Sep 10, 2026 7.50 TWh 5.35 TWh 7.58 TWh 47.0% 20.6% 16.6% 15.8%
Sep 9, 2026 7.57 TWh 4.98 TWh 7.55 TWh 51.9% 20.5% 15.4% 13.5%
Sep 8, 2026 7.69 TWh 5.08 TWh 7.48 TWh 49.9% 19.9% 13.9% 15.1%
Sep 7, 2026 7.49 TWh 5.07 TWh 7.30 TWh 49.6% 20.4% 15.7% 14.9%
Sep 6, 2026 6.39 TWh 4.08 TWh 6.41 TWh 53.3% 23.2% 15.1% 11.9%
Sep 5, 2026 6.80 TWh 4.08 TWh 6.69 TWh 56.2% 22.0% 13.7% 12.1%
Sep 4, 2026 7.70 TWh 4.82 TWh 7.52 TWh 54.3% 20.3% 15.3% 12.8%
Sep 3, 2026 7.67 TWh 5.01 TWh 7.58 TWh 52.1% 20.6% 15.6% 13.6%
Sep 2, 2026 7.61 TWh 5.48 TWh 7.55 TWh 46.5% 20.6% 17.0% 16.5%
Sep 1, 2026 7.52 TWh 5.12 TWh 7.49 TWh 50.6% 20.9% 17.1% 14.7%
Aug 31, 2026 7.35 TWh 4.75 TWh 7.35 TWh 54.3% 20.8% 17.1% 12.6%

Connected day-ahead price anchors are not yet available for the next delivery day. Their market publication timing can differ from the daily gas and power updates; the physical seasonal outlook remains available above.

About this series

The right buffer depends on the season.

Why 60% can mean two different things

A storage percentage means little without a date. Sixty percent can be comfortable near the end of winter and tight late in the summer refill season. The first comparison is therefore today against the same calendar date in the five previous years—not against a fixed year-round threshold.

A scenario band, not a forecast line

The 12-month band is a scenario, not a weather forecast. StorageCurve takes the change in fullness that followed this date in each recent analogue year and applies it to today’s level. The median is the typical historical path; the range shows how different those seasons were. LNG supply, demand, weather and facility constraints can produce a path outside that band.

Do not add unlike buffers

Gas is shared by power generation, heating and industry, so it is not converted into “days of electricity.” Norway, Sweden and Switzerland reservoir energy are scored separately against their own weekly seasonal norms. French nuclear is shown as planned available GW from ENTSO-E’s published outage calendar; it is not a promise of actual output.

The question changes with the calendar

During spring and summer the page asks whether Europe is refilling fast enough for winter. During autumn and winter it asks how the buffer may endure to the spring trough. The binding constraint is named directly rather than being hidden inside a weighted score.

Primary horizon
Next 6–12 months
Scored buffers
EU gas, Norway, Sweden and Switzerland hydro, French planned nuclear
Gas benchmark
Same calendar date across five prior years
Scenario
Historical seasonal pace from today’s level
Hydro benchmark
Norway 20-year median; Sweden long-run mean; Switzerland five-year median
Firm-power horizon
France nuclear schedule for the next 12 months
Market confirmation
Reported Europe power and connected day-ahead prices
Update cadence
Published weekly after the main source releases

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Source ledger

Every number has a provider and a date.

EIA / API v2

United States inventories and prices

Source: U.S. Energy Information Administration (Sep 2026).

Open EIA source
Fraunhofer ISE / Energy-Charts

European power and day-ahead prices

Source: Energy-Charts.info, Fraunhofer ISE (CC BY 4.0).

Open Energy-Charts source
NVE / Magasinstatistikk

Norwegian reservoir energy

Source: Norwegian Water Resources and Energy Directorate (NVE).

Open NVE source
SFOE/BFE / opendata.swiss

Swiss reservoir energy

Source: Swiss Federal Office of Energy (SFOE/BFE), opendata.swiss.

Open Swiss source
Energiföretagen / Kraftläget

Swedish reservoir energy

Source: Energiföretagen Sverige, Kraftläget and the weekly reservoir report.

Open Swedish source
ENTSO-E Transparency Platform

French nuclear outage schedule

Source: ENTSO-E Transparency Platform.

Open ENTSO-E source

Questions, answered from the method

Europe seasonal electricity buffer FAQ

How to read the annual storage cycle, the 6–12-month gas scenario, regional hydro anchors, France’s nuclear schedule, and current market confirmation.

Where does the seasonal outlook data come from?

EU gas fields come from Gas Infrastructure Europe’s AGSI platform, Norwegian reservoirs from NVE, Swedish reservoirs from Energiföretagen’s Kraftläget, Swiss reservoirs from SFOE/BFE, and France’s planned nuclear outages and installed baseline from ENTSO-E. Current European load, generation mix and connected day-ahead prices come from Fraunhofer ISE Energy-Charts as market confirmation.

What question does this page answer?

It asks whether Europe’s physical energy buffers are where they normally need to be for this point in the annual cycle, whether the gap is improving fast enough, and which observed constraint matters most over the next 6–12 months.

Why use a 6–12-month horizon?

A material storage deficit cannot normally be repaired in a few days. Gas refill, reservoir recovery and planned generating-unit maintenance unfold over seasons, so a week-ahead view would miss the main physical risk the page is designed to show.

How is the seasonal state assigned?

The headline is constraint-first rather than an average score. Gas is classified from its date-matched seasonal gap and its historical path to the next milestone. Hydro and firm generation cannot offset that classification unless their own comparable forward data passes the source audit.

Why is the current confidence only medium?

Gas, three price-relevant hydro regions and France’s planned nuclear schedule are reproducible, but hydro coverage is regional, firm-power coverage does not include every connected fleet, and future forced outages are unknowable. The page shows those boundaries instead of presenting partial coverage as a complete model of Europe.

Why does the date matter when reading storage fullness?

Storage normally fills through spring and summer and falls through winter. A level such as 60% can be comfortable near the spring trough but tight late in summer, when the refill season is running out. The correct comparison is with the normal level for the same date.

What is the seasonal gas gap?

It is current storage fullness minus the median fullness on the same calendar date in the five previous years. StorageCurve also converts that percentage-point difference to TWh using current reported working capacity.

What does the refill or withdrawal pace show?

It is the observed change in stored TWh divided by elapsed days over 7, 14 and 30 days. During refill season it shows whether the stock is closing the seasonal gap; during winter a negative pace shows how quickly the buffer is being consumed.

How is the 12-month scenario band calculated?

For each usable analogue year, StorageCurve measures the change in fullness that followed the same calendar date and applies that change to today’s starting level. The median is the typical historical-pace path and the lowest-to-highest analogue becomes the range.

What does the 90% line mean?

It is the current EU policy reference for the autumn filling window, which runs from 1 October through 1 December and includes statutory flexibility under difficult conditions. Reaching 90% does not guarantee adequacy, and missing it does not by itself prove a shortage.

How is reservoir hydro scored?

Norway is compared with NVE’s official 20-year median for the same ISO week. Sweden uses Energiföretagen’s published national reservoir energy and long-run weekly mean, including current inflow versus its long-run median. Switzerland is compared with the matching-week median in the five previous years using SFOE national GWh data. Each region receives its own status; the percentages are never added into a Europe-wide filling level.

Is current hydro generation the same as stored water?

No. Generation is energy flowing out now; reservoir state is energy available for later. A high hydro share today can coincide with reservoirs drawing down, so current output is displayed only as market confirmation and never substituted for stored reservoir energy.

Does installed hydro capacity show the available buffer?

No. Installed GW is nameplate power, not stored TWh or guaranteed output. Reservoir levels, inflows, maintenance, environmental constraints and transmission limits determine how much energy can actually be delivered.

How are pumped storage and batteries treated?

Observed discharge can appear in the current generation mix, but it does not reveal state of charge. The page makes no Europe-wide stored-energy claim for pumped storage or batteries without a consistent energy-level source.

Why not add gas, hydro and batteries into one energy total?

They have different end uses, conversion losses, power limits, transmission paths and operating rules. Adding their raw TWh would imply interchangeability that does not exist, so the page names the binding constraint instead of manufacturing one continental battery.

Why Norway, Sweden and Switzerland?

Norway is the dominant Nordic seasonal reservoir system, Sweden is a large connected hydro system with weekly national energy and inflow reporting, and Switzerland is a major Alpine flexibility hub. They are useful price-relevant anchors, but they do not represent every European reservoir.

Why does Swedish hydro use Kraftläget rather than VISS or the new Svenska kraftnät API?

VISS describes water bodies, environmental status and pressures rather than electrical energy stored in power reservoirs. Svenska kraftnät’s new open-data portal does not currently publish national reservoir filling. Energiföretagen’s weekly Kraftläget report publishes the directly relevant TWh, fullness, long-run weekly benchmark, inflow and SE1–SE4 split.

Why does planned nuclear availability matter?

France’s large nuclear fleet can materially change the demand left for gas, coal, hydro and imports over a season. StorageCurve subtracts active planned ENTSO-E outages from the current French nuclear baseline and publishes the resulting monthly available GW for the next twelve months.

Are planned outages the same as actual availability?

No. The schedule is forward-looking, but maintenance can move, returning units may ramp gradually and forced outages can still occur. StorageCurve excludes forced outages from this forward component and processes later revisions, cancellations and withdrawals when the source publishes them.

Why is the firm-power card limited to France?

France is the largest connected nuclear anchor for Central and Western European prices and provides auditable unit-level planned-outage coverage. Other fleets will be added only when the same 6–12-month comparability and revision checks can be maintained; France is not presented as all European firm power.

What is residual electricity demand?

Residual demand is total electricity load minus wind and solar generation. Nuclear, hydro, thermal generation, imports, storage discharge and demand response must cover what remains. The recent value is confirmation, not the 12-month storage scenario.

Does the page forecast electricity demand for twelve months?

No. Weather cannot be forecast credibly that far ahead. A later demand component may use normal, mild, cold and low-wind scenarios, but the current release does not present a point estimate as if next winter were already known.

Why is gas storage not converted into days of electricity?

Stored gas also serves heating and industry, and gas-to-power conversion efficiency varies. Dividing all gas storage by electricity demand would overstate the power buffer and ignore competing uses, so the page keeps the stock in TWh and percent full.

Why are day-ahead prices still shown?

They show whether the current market is already confirming physical stress or comfort. They are an observed outcome for the next delivery day, not an input to the seasonal state and not a six-month price forecast.

Which electricity price areas are included?

The price table uses Germany/Luxembourg, France, the Netherlands, Austria, Switzerland, northern Italy, Sweden SE3 and Norway NO2 as Central, Western and Nordic anchors rather than a league table of every European bidding zone.

Does “Europe” always mean the European Union?

No. The gas stock is the AGSI EU aggregate, while current power uses Energy-Charts’ reported Europe aggregate and the price strip includes non-EU Switzerland and Norway. Every component states its own geographic scope.

Why is there no Balkan breakdown?

The default view follows the main connected Central, Western and Nordic price-forming path. Adding every zone would increase coverage noise without improving the seasonal-buffer answer; Balkan generation can still be present in the provider’s reported Europe total.

Is this a price forecast or trading signal?

No. It is a transparent physical-buffer outlook. Weather, LNG and pipeline supply, carbon and fuel prices, outages, flows, policy, positioning and transmission constraints can all move prices outside what the storage path alone suggests.

See the full storage FAQ on the dashboard

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