At the same time, corporate demand, especially from the IT sector remained intact. Hyperscalers expanded procurement following the initial Al-driven load shock of the prior year, while corporates moved quickly to secure capacity before policy risks fully materialized. The second half of 2025 saw a rush to contract projects still eligible under accelerated deadlines. Buyers, expecting further price sharing. However, this resilience in appetite did not translate into higher aggregate volumes. Overall contracted volumes declined markedly, reflecting a softer enforcement of EsG targets with the current