Short term
Power prices dropped last week due to increased wind generation in the Central Western European region. In the Netherlands, the average weekly power price settled at €97.8/MWh, a decline of about €20 from the previous week.
Over the weekend, wind generation surged, leading to an average weekend price of €48/MWh in the Netherlands. In Germany, strong wind generation on Sunday resulted in a baseload price of just €4/MWh.
The baseload power price for the front month (Dec-2024) declined by €3 to €107.1/MWh, while the January 2024 baseload power remained relatively stable, closing at €121.4/MWh.
New U.S. sanctions on Gazprombank and other Russian financial institutions added uncertainty to the market by complicating European payments for Russian gas. The sanctions, including a wind-down period for transactions until late 2024, aim to hinder Russia’s gas exports and complicate its global financial operations. The CAL-25 TTF prices rose by €0.7, closing at €45/MWh, while the Dutch CAL-25 baseload power contract increased by €3.2, ending the week at €97.7/MWh. The Clean Spark Spread for 2025 improved by €1.5 to -€13.8/MWh.
The EUA prices for 2025 did not show significant movements and ended the week at €71.4 /EUA which is an increase of €1.3 compared to the previous week.
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
Gas prices for 2026 remained stable, closing at €35.8/MWh. Carbon prices rose to €73.5/EUA, up €1.3 for the week. Dutch baseload power contract for 2026 gained €2.8, ending at €86.8/MWh. The Clean Spark Spread for CAL-26 improved by €1, settling at -€7.7/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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