Belgian wholesale power prices hit 3-day high since 2022 crisis

Belgian next-day wholesale electricity prices have hovered around 300 EUR/MWh for several days, with the Nov 9-11 average at 320 EUR/MWh — the most expensive three-day stretch since December 2022. The spike is driven by cold weather and elevated natural gas prices, with a public holiday failing to bring the usual demand-driven price relief. This signals sustained energy-cost pressure in the region, with implications for inflation and industrial competitiveness.

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