Electricity prices in Belgium 2024
In 2024, the average wholesale day-ahead electricity price in Belgium was € 0.0703 /kWh (▼28% vs 2023). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2024
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2024 | € 78.58 | € 0.0786 | 10,317 |
| February 2024 | € 61.53 | € 0.0615 | 9,967 |
| March 2024 | € 61.39 | € 0.0614 | 9,555 |
| April 2024 | € 48.34 | € 0.0483 | 9,237 |
| May 2024 | € 54.45 | € 0.0544 | 8,711 |
| June 2024 | € 60.94 | € 0.0609 | 8,642 |
| July 2024 | € 54.57 | € 0.0546 | 8,344 |
| August 2024 | € 65.53 | € 0.0655 | 8,511 |
| September 2024 | € 66.50 | € 0.0665 | 8,925 |
| October 2024 | € 78.05 | € 0.0781 | 9,113 |
| November 2024 | € 108.94 | € 0.1089 | 9,654 |
| December 2024 | € 105.20 | € 0.1052 | 9,724 |
Belgium's electricity mix shifted sharply after the 2025 nuclear phase-out plan was partially reversed: Doel 4 and Tihange 3 will run until 2035, supplying around 25% of generation, while gas-fired CCGTs cover the steady-state load. Wind — split roughly 60/40 onshore/offshore — provides the largest renewable share, with the country's North Sea zone hosting some of Europe's densest offshore wind clusters. Elia, the national TSO, runs a single bidding zone (BE) tightly coupled to France, the Netherlands, Germany, Luxembourg and the UK via the Nemo Link HVDC.
Day-ahead clearing happens on EPEX SPOT Belgium. Solar PV has tripled since 2020 thanks to generous net-metering reforms; rooftop PV now covers about 9% of annual demand.
Industrial users still rely heavily on imported electricity, especially during winter cold spells when domestic capacity tightens.