Belgian spot power prices hit 2022-crisis levels on cold, low wind

Belgian day-ahead electricity prices spiked to an average of 335 EUR/MWh on Monday, the highest since the 2022 energy crisis, with an intraday peak of 624.18 EUR/MWh. The surge is driven by sub-10°C temperatures boosting heating demand and wind output collapsing to 0.5 GW. This signals acute near-term supply tightness in the Belgian power market, with potential knock-on effects for regional prices and energy-intensive industries.

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