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. 





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