PUN and PSV, week 44 of 2026

The week from 26 October to 1 November 2026

PUN and gas rise for the fourth week: the wind drops

Electricity

From 26 October to 1 November the PUN Index GME rose for the fourth week in a row: on average €262/MWh, about 8% more than the previous week (GME, weekly results, PDF in Italian). This time the wind dropped: wind energy sold fell by almost a fifth and renewables as a whole by a few points, while gas-fired plants sold about 5% more, with gas dearer. Purchases stayed almost the same. Both peak hours and, even more, the other hours went up, and the price rose in every zone of Italy.

Gas

Gas on the GME day-ahead market (MGP-GAS), delivered at the PSV, the virtual trading point, rose for the fourth week in a row: on average €102/MWh in continuous trading, more than 11% above the previous week (GME, weekly results, PDF in Italian). Electricity and gas rose together again.

What to watch that week

Two deadlines coming up. For anyone thinking of switching electricity supplier: Tuesday 10 November is the last day to send requests under the current procedure, and from 1 December the new rules apply (ARERA, resolution 58/2026/R/eel, in Italian; what changes for a business, in the guide). For energy-intensive and gas-intensive companies, the CSEA portal for the 2027 lists stays open until Monday 16 November.

The other weeks

This week’s note.

• Week 43 of 2026, from 19 to 25 October 2026: PUN and gas rise for the third week: peak hours become dearer above all
• Week 42 of 2026, from 12 to 18 October 2026: Gas rises again, the PUN a little less: more wind, and in the South some hours at zero
• Week 41 of 2026, from 5 to 11 October 2026: The PUN rises by almost 8%, along with gas: the wind returns, but water falls short
• Week 40 of 2026, from 28 September to 4 October 2026: Gas falls again, the PUN stays above €200/MWh: the wind fell short