Electricity will be briefly free for big consumers in Belgium between 1:00 p.m. and 2:00 p.m. on Friday, due to the strong winds expected over the next few days, which will increase the availability of renewable energy.
The average price of electricity delivery for the next day – known as Day-Ahead Trading – amounted on Thursday to €245 per megawatt hour (Mwh) which, though high compared to last year, is still far below the €400 to €500 per Mwh of recent weeks.
The reasons for the drop in prices, which will be at their lowest since mid-July, is simple: the next few days should be windy, with some sunshine, leading to greater availability of renewable energy. In addition, on Friday 16 September, the delivery of electricity between 1:00 p.m. and 2:00 p.m. will be €0 per Mwh.
However, only consumers with an hourly contract with the Belgian electricity exchange EPEX SPOT - mostly big companies - will be able to take advantage of this free hour.