The Netherlands and Belgium invest in green energy

The electricity price was very stable this week. The highest price was reached on Thursday, December 9, at a level of €103,50. The price was the lowest on Monday, November 13, at €93,39.

At the moment, electricity cannot really be called expensive or cheap. The generation of energy from renewable sources is progressing quite favorably. In total, 49,5% of the energy was generated by solar and wind energy. No less than 42% of the electricity was generated by wind turbines, which is still 7,5% of Dutch demand.

The higher electricity price is the direct result of the fact that wind energy was received less consistently this week. Last week the wind was almost constant. This week was different. Much of the wind came in the evening, when energy prices are at their lowest, which reduced the dampening effect of electricity from renewable sources. Meanwhile, a higher gas price also provides a higher base. The gas price has climbed out of the trough of €45 per megawatt hour and is currently trading at around €48.

Hydrogen and nuclear energy
The energy transition is in full swing. For example, the Dutch Gas Union issued €8 million in green bonds on Wednesday, November 300. The bonds are intended to finance innovative projects such as the construction of a green hydrogen network. The bonds have a term of 9,5 years. By 2030, Gasunie plans to invest €5,5 billion in a green hydrogen network.

In addition, Belgium has committed itself to the construction of small modular nuclear power stations. To manage development, the country has entered into a consortium with the United States, Italy and Romania. The country previously invested €100 million in the development of the technology. Our southern neighbors want to have the first power plant running in Mol in 2035. The first power stations should supply energy to the grid between 2040 and 2045.