Last week there was a limited amount of power generation from wind and an average amount of power generation from solar. The wind in The Netherlands dropped towards the end of the week whereas Germany still has reasonable volumes of wind power generation. Dutch power prices mostly coupled with German prices but there was a noticeable spread between the baseload prices of the two countries as the Dutch baseload price cleared 20 euros higher. Conventional power plants were mostly the marginal plants throughout the days except for the solar hours. The Dutch meteorological office warned for poor weather and lightning. Ultimately, the Dutch TSO activated emergency power twice that afternoon, which indicates that there was a significant shortage of power. The average weekly Dutch baseload price was 94,6 €/MWh.

Gas continued its downward trend last week. The June and July contracts both fell by 2 euros and settled at 36.6 and 37 €/MWh, respectively. CO2 also fell. The December 2023 contract for carbon dropped by 2.5 euros and settled at 85 €/EUA.

The Dutch power contracts for the upcoming months fell partially due to the drop in gas and carbon prices. June fell by 5 euros and settled at 90.5 €/MWh. July cleared 4 euros lower and closed at 96.3 €/MWh.

Electricity (€/MWh)

Gas (€/MWh)

Note: Gas prices are listed in €/MWh (100 €/MWh is equal to 0.97694 €/Nm3, based on a conversion formula/factor 35.17 / 3600 = 0.0097694).

Lange termijn

Next year’s gas price slightly dropped. The contract for 2024 settled 2 euros lower than the previous week at 54,6 €/MWh. CO2 dropped by 2.5 euros and closed at 89 €/EUA. The Dutch CAL-24 power contract fell by 6 euros and settled at 129,6 €/MWh.

The CSS weakened by 1.5 euros and ended up at -6.7 €/MWh. The CDS dropped by 1 euro but remained positive.

Weekly changes


Base (€/MWh)

Peak (€/MWh)

Gas (€/MWh)

Let op: de gasprijzen worden vermeld in €/MWh (100 €/MWh is 0,97694 €/Nm3, gebaseerd op een omrekenformule/factor 35,17 / 3600 = 0,0097694).

CO2 (€/EUA)

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