The weather in recent days has a direct impact on the price of electricity on the wholesale market. The fault is the lack of wind, sun and the cold that sets in.
The dark, windless and colder weather of recent days is pushing wholesale electricity market prices to their highest levels in almost a year. The price for delivery this Tuesday reached 137 euros per megawatt hour, the highest level since the end of November 2023. Around 6:00 p.m., the price per megawatt hour will even reach 325 eurosat the highest since December 2022.
The price for delivery will be even higher tomorrow (Wednesday): 152 euros per megawatt hour, with a peak at 363 euros between 6 and 7 p.m. In Germany, where dependence on wind energy is very high, the price could even reach 800 euros.
The explanations, according to Matthias Detremmerie, energy trader at the supplier Elindus, lie in the sky: there is practically no wind in Western Europe and photovoltaic panels produce little. Added to this are colder temperatures. Finally, reactor 4 of the nuclear power plant of Goalwhose capacity is a thousand megawatts, is at the interview until the end of November.
Matthias Detremmerie does not expect an immediate lull but the situation is not worrying either, because the month of November is traditionally a more complicated month on the electricity market.
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