Surge in wind power generation drops Dutch power prices by almost 40%
Short term:
Last week, Dutch power prices settled at 52.4 €/MWh, a significant decline of 33.5 €/MWh compared to the previous week. This substantial drop was primarily driven by a surge in wind energy generation during the first half of the week. Wind energy production in Germany saw almost around 100% increase compared to the prior week, while the Netherlands experienced around 50% increase. Despite a 20% drop in solar energy generation in the Netherlands, the robust wind output mitigated its impact. The solar output in Germany increased by around 10%. Additionally, approximately 3GW of previously unavailable power plant capacity in the Netherlands came back online, easing supply constraints. Monday recorded the lowest baseload power price at 9 €/MWh, followed by 27 €/MWh on Tuesday. Gas prices remained stable, averaging 32 €/MWh, a slight decrease of 0.2 €/MWh from the previous week.
Electricity (€/MWh)
Gas (€/MWh)
Long term:
The European Commission (EC) proposed accelerating its ban on Russian LNG imports, targeting a complete phase-out by end-2026, a year earlier than the previously planned end-2027 timeline. This proposal is part of the 19th sanctions package against Moscow. The market seemed to expect such sanctions and hence in response to the announcement, the Dutch TTF prices for CAL-26 slightly declined by 0.2 €/MWh to 32.2 €/MWh. The EUA contract for CAL-26 rose by 1.8 €/ton to 79.6 €/ton, and consequently, the Dutch power price for CAL-26 remained relatively stable, moving sideways by 0.3 €/MWh to 85.0 €/MWh.
Weekly changes
Base (€/MWh)
Peak (€/MWh)
Gas (€/MWh)
CO2 (€/MWh)
Sign up for our weekly market report
Enter your details below and receive the weekly market report in your mailbox for free.
Want to know more about us?
Contact us via our contact page or find out more about our company on the about us page.