Short term
Last week, the average Dutch power price was 71.9 €/MWh. Except for Friday, there was little wind generation. On Friday, wind generation increased significantly in both Germany and the Netherlands, causing day-ahead prices to drop overnight to below the variable costs of gas and coal power plants. Over the weekend, prices fell as low as -60 €/MWh in the afternoon.
Gas continued its upward trend last week. The September contract closed nearly 4 euros higher at 40.4 €/MWh. This increase appears to be largely driven by geopolitical tensions, with the threatening situation in the Middle East and Ukraine’s unexpected attack on Russian territory causing market unrest.
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).
Long term
Gas prices for next year also increased. By the end of the week, the CAL-25 contract was 2 euros higher, closing at 41.9 €/MWh. CO2 prices dropped to 72.6 €/MWh. Dutch power rose to 94.5 €/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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