Dutch Power Prices Ease on Holiday Driven Demand Reduction and Renewable Oversupply 

Week-on-week, solar generation in the Netherlands declined by 6%, while Germany recorded a 10% increase. Wind output showed a strong divergence: German wind generation fell by 33%, whereas Dutch wind output surged by 61%.  

Despite being a public holiday in the Netherlands, Monday 27^th April, cleared at a relatively firm €96.1/MWh, supported lower renewable generation and normal working-day demand in neighboring countries. The impact of holidays and renewable oversupply was most pronounced on Friday, 1 May. While the Netherlands did not have a public holiday, strong solar generation across Europe combined with lower holiday demand across the continent pushed prices sharply lower, with the average price for the day settling at just €1.2/MWh for Netherlands and €–2.08/MWh for Germany. Exceptionally sunny conditions in Eastern Europe added further downward pressure, especially in the solar hours, suppressing the daily average. As a result, the Netherlands recorded eight consecutive hours of negative prices on the day, with prices falling to a low of €‑498.84/MWh at hour 13, highlighting the extent of renewable-driven oversupply. 

Meanwhile, TTF gas prices remained elevated during the week, averaging €44–46/MWh, around €2.4/MWh higher week-on-week. Gas prices were supported by a sustained geopolitical risk premium, driven by the US–Iran conflict, which continued to disrupt LNG flows through the Strait of Hormuz and heighten supply concerns.