Temperatures remained well below the seasonal average in most countries in Northwestern Europe at the beginning of the week, but during the weekend, temperatures rose significantly. From Saturday onwards, we observed wind speeds increasing sharply, leading to a significant rise in wind generation in both the Netherlands and Germany. Despite the persistent cold, average power prices decreased. The Dutch power price last week averaged 99.2 €/MWh in the spot, compared to 132 €/MWh the previous week. Gas prices dropped by almost 4 euros during the week, averaging 40 €/MWh.
For contracts for the upcoming months, we also observed declines in TTF. Gas prices for January through March fell by about 5 euros, reaching around 39 €/MWh. Similar to recent weeks, CO2 prices continued to decline, this time dropping by almost 3 euros, with the December 2023 contract falling below 70 €/EUA and settling at 68,7 €/EUA. Power prices for January and February fell by 13 and 12 euros, closing at 97.3 and 103.2 €/MWh, respectively

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

Contracts for the longer term experienced the same price declines. For 2024, gas became almost 4.5 euros cheaper, dropping to 39.4 €/MWh. CO2 closed 4 euros lower at 71.7 €/EUA.
The Dutch power contract decreased by 8 euros to 96.2 €/MWh. The clean spark spread improved by about 2 euros, approximately -4.7 €/MWh. The dark spread for next year decreased by 4 euros, ending at -5 €/MWh.

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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