Strong winds drive down spot prices

Last week, renewable energy production was significantly higher than in previous weeks. Wind generation increased sharply in most countries from Wednesday onward, including in Germany and the Netherlands. As a result, prices during the afternoon hours quickly turned negative, often for 7 to 8 consecutive hours. Consequently, the average spot price was much lower than in previous weeks, averaging 55.1 €/MWh, compared to 89.9 €/MWh the week before.
Gas prices also took a step back. While they remained relatively stable around 40 €/MWh the previous week, they dropped last week, with the September contract closing nearly 3 euros lower at 36.9 €/MWh. CO2 prices fell by one and a half euros, ending the week at 71.1 €/EUA. Coal prices for the coming months decreased by about 5 euros, ranging between 106 and 109 €/Ton.
Dutch power prices for the coming months naturally fell as well. September and October became nearly 6 euros cheaper, closing at 84.4 and 90 €/MWh, respectively.

For 2025, gas prices dropped by 2.5 euros, closing at 40 €/MWh by the end of the week. The CO2 price decreased by one and a half euros to 73.6 €/EUA. The Dutch power contract for next year fell by nearly 5 euros to 92 €/MWh. The clean spark spread was 10.7 €/MWh.

Weekly changes