GENERALECONOMY

Belgian wholesale electricity prices fall again after reaching record highs

Belgian wholesale prices for electricity have gone down. For electricity delivered on Saturday, the average price fell to just over €600 per megawatt hour on Friday, according to figures provided by the electricity exchange Epex Spot.

The Belgian electricity price has risen to a new record high several times in recent days. On Thursday, the so-called day-ahead price of Belgian electricity even reached an average of 700.41 euros per megawatt hour. On Friday, the price fell back to an average of 600.25 euros per megawatt hour. However, the price is still at an exceptionally high level.

Record prices for natural gas, the outage of several French nuclear power stations and low water levels have caused the price of electricity to skyrocket. In addition, a lack of wind in continental Europe and the current high temperatures mean that air conditioners and fans are working overtime and energy demand is rising. 

(KOR)

 

© BELGA PHOTO ERIC LALMAND

 

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About belganewsagency.eu

Belga News Agency delivers dependable, rapid and high-quality information 24 hours a day, 7 days a week, from Belgium and abroad to all Belgian media. The information covers all sectors, from politics, economics and finance to social affairs, sports and culture, not to mention entertainment and lifestyle.

Every day, our journalists and press photographers produce hundreds of photos and news stories, dozens of online information items, plus audio and video bulletins, all in both national languages. Since the end of March 2022 English has been added as a language.

For public institutions, businesses and various organisations that need reliable information, Belga News Agency also offers a comprehensive range of corporate services to meet all their communication needs.

Contact

Arduinkaai 29 1000 Brussels

www.belganewsagency.eu