During the previous week, the solar and wind generation was moderate throughout most weekdays but experienced a significant increase over the weekend. As a result, the hourly spot cleared negative for four consecutive hours on Saturday, indicating an excess of power supply in the Netherlands even after exporting power to neighboring countries. The average weekly Dutch spot cleared at 93.6 €/MWh, which is €1 lower than the preceding week.
Last week, the downtrend of gas prices continued as evidenced by a drop in both June and July 2023 TTF contracts by €3.8, clearing at 32.8 €/MWh and 33.2 €/MWh, respectively. Although, there was an uptick in the December 2023 carbon prices. The EUA prices increased by €3.5 to 88.5 €/EUA.
Partly due to the decrease in gas prices, Dutch power contracts for the forthcoming months also experienced a drop. The June Dutch baseload contract dropped by €1.3 to 89.2 €/MWh, while the July contract saw a bigger decline, dropping by €3.8 to 92.5 €/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).
Long-term
Last week, the TTF 2024 contract experienced a reduction of €0.5, closing at 54.1 €/MWh. However, the 2024 carbon prices saw a rise of €3.6, reaching 92.7 €/MWh. In addition, the Dutch CAL-24 power contract witnessed an increase of €1.9 and concluded at 131.5 €/MWh.
The Clean Spark Spread (CSS) for 2024 increased by €1.7 to -5 €/MWh and the Clean Dark Spread (CDS) increased by €1.9 to 9.9 €/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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