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08.05.2026 ย Allesandro Armenia, power expert ย  ๐Ÿ‡ช๐Ÿ‡บ ๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐ฌ๐จ๐ฅ๐š๐ซ ๐œ๐š๐ฉ๐ญ๐ฎ๐ซ๐ž ๐ซ๐š๐ญ๐ž๐ฌ ๐š๐ง๐ ๐ฉ๐ซ๐ข๐œ๐ž๐ฌ ๐ข๐ง ๐€๐ฉ๐ซ๐ข๐ฅ 2026Back-to-back -500 โ‚ฌ/MWh shocks are catalyzing capture rates to historic lows.

In April, France hit 9%, with a capture price of just 4 โ‚ฌ/MWh. Iberia and CWE landed at 22โ€“30% (10-25 โ‚ฌ/MWh). CEE came in below 40% in nearly every country. The only exceptions are Italy and Great Britain, where gas-heavy dispatch stacks (and regulation) still hold a price floor. As a reminder, a typical solar LCOE lands at 30-60 โ‚ฌ/MWh (depending on zone, cost of capital and capacity factors), with Southern Europe anchored more to the low end.