Dutch Power Baseload Price Trend and Forecast 2026-2027

The Netherlands recorded the highest baseload power price in Q3 2026: EUR 146.00/MWh, down 0.9% from EUR 147.33/MWh in Q2. Gas fired generation, carbon allowance costs and steady demand from industry and data centers keep Dutch prices above the other three markets. Worldwide, the average fell 1.2% to EUR 134.50/MWh from EUR 136.14/MWh, mostly because larger wind and solar output and lower gas prices led generators and suppliers to lower offers in all four markets. What about Q4 2026? We expect a global average somewhere in the EUR 128.45-139.21/MWh range, with gas prices at the Dutch hub, carbon allowance prices, North Sea wind output, French nuclear availability and winter heating demand doing most of the work.

Dutch power baseload refers to the wholesale price of electricity delivered around the clock in the Netherlands, set on the day-ahead and forward markets. It is the reference price for industrial users and traders in the Dutch market, which is linked to Germany, Belgium, the United Kingdom and Norway through cross-border cables. Prices in this report are quoted in euros per megawatt hour. They depend on gas and carbon allowance prices, wind and solar output and demand.

Gas fired plants produce most of the Dutch power and set the price in many hours, so the price of gas at the Dutch hub is the main driver. Wind farms in the North Sea and solar parks add large volumes, and the country imports power through cables when the prices abroad are lower. Large users buy through forward contracts one to three years ahead, while day-ahead prices move with weather, plant outages and interconnector flows.

Dutch Power Base Load Price Forecast for 2026

Prices should ease slightly through the rest of 2026. Gas prices are lower and wind and solar output is high, but the start of the winter heating season and carbon allowance costs limit the size of the decline. Year on year, the global average has moved from EUR 132.58/MWh to EUR 134.50/MWh, an increase of 1.4%.

The balance of risks for Q4 tilts downward. What could push prices higher? Higher gas prices, a cold winter, low wind output or French nuclear outages would lift prices. What could pull them lower? Lower gas and carbon allowance prices, strong wind output or a mild winter would lower prices.

For the Quarter Ending September 2026

Dutch Power Base Load Prices Q3 2026:

• France: EUR 118.00/MWh
• Germany: EUR 134.00/MWh
• Belgium: EUR 140.00/MWh
• Netherlands: EUR 146.00/MWh

Dutch Power Base Load Prices in France

France registered a 1.6% decrease in Q3 2026, taking the average to EUR 118.00/MWh from EUR 119.92/MWh in Q2. French prices fell as nuclear and hydro output increased. Measured against Q3 2025, when the average stood at EUR 116.04/MWh, the market is 1.7% higher. The price in France was 12.3% below the group average of EUR 134.50/MWh in Q3 2026.

Why did the price of Dutch Power Base Load change in Q3 2026 in France?

France declined. Nuclear and hydro output increased, generators lowered offers, and demand from industry was soft. The cumulative 2026 change for France is a 0.5% increase, from EUR 117.44/MWh to EUR 118.00/MWh, while the global average shows a 0.5% gain over the same period. For comparison, the global average moved 1.2% lower over the same quarter.

Dutch Power Base Load Prices in Germany

Germany fell 1.3% to EUR 134.00/MWh in Q3 2026, from EUR 135.76/MWh in Q2. German prices fell as wind and solar output increased. In Q3 2025 the average was EUR 132.07/MWh, so the market is 1.5% higher on a yearly basis. The result leaves Germany within 0.4% of the four-market average of EUR 134.50/MWh.

Why did the price of Dutch Power Base Load change in Q3 2026 in Germany?

Germany declined. Wind and solar output increased, generators lowered offers, and demand from industry was soft. At EUR 134.00/MWh, Germany is 0.5% higher than in Q4 2025, when the average was EUR 133.35/MWh, and the global average is 0.5% higher over the same period. The global average shifted 1.2% lower in the same quarter.

Dutch Power Base Load Prices in Belgium

In Q3 2026, the average price in Belgium fell 1.1% to EUR 140.00/MWh, compared with EUR 141.56/MWh in Q2. Belgian prices eased as imports of power increased. This represents a 1.5% increase on the EUR 137.98/MWh recorded in Q3 2025. Relative to the four-market average of EUR 134.50/MWh, Belgium traded 4.1% above in Q3 2026.

Why did the price of Dutch Power Base Load change in Q3 2026 in Belgium?

Belgium eased. Imports of power increased, suppliers lowered offers, and demand from industry was soft. This leaves Belgium 0.5% higher than at the end of 2025, when the average was EUR 139.32/MWh, while the global average is 0.5% higher over the same period. Across the four markets the average was 1.2% lower on the quarter.

Dutch Power Base Load Prices in Netherlands

The Netherlands' average moved down 0.9% in Q3 2026, to EUR 146.00/MWh from EUR 147.33/MWh in Q2. Dutch prices eased as North Sea wind output increased. The year-on-year change is a 1.2% increase, from EUR 144.23/MWh in Q3 2025. This places the Netherlands 8.6% above the four-market average of EUR 134.50/MWh for Q3 2026.

Why did the price of Dutch Power Base Load change in Q3 2026 in Netherlands?

The Netherlands eased. North Sea wind output increased, generators lowered offers, and demand from industry and data centers was soft. From EUR 145.28/MWh at the close of 2025 to EUR 146.00/MWh in Q3 2026, the price in the Netherlands has risen 0.5%, and the global average has risen 0.5%. On the global measure the average was 1.2% lower over the quarter.

For the Quarter Ending June 2026

Dutch Power Base Load Prices Q2 2026:

• France: EUR 119.92/MWh
• Germany: EUR 135.76/MWh
• Belgium: EUR 141.56/MWh
• Netherlands: EUR 147.33/MWh

Dutch Power Base Load Prices in France

France's average moved up 1.2% in Q2 2026, to EUR 119.92/MWh from EUR 118.50/MWh in Q1. French prices rose as the demand from industry strengthened. Taking Q2 2025 as the base, at EUR 113.80/MWh, the latest quarter is 5.4% higher. The four markets averaged EUR 136.14/MWh in the quarter, so the price in France was 11.9% lower.

Why did the price of Dutch Power Base Load change in Q2 2026 in France?

France rose. Demand from industry strengthened, gas prices went up, and generators lifted offers. After a 0.9% gain in Q1, the quarter closed 5.4% above the EUR 113.80/MWh recorded in Q2 2025. Part of the move was reversed in Q3, leaving the price at EUR 118.00/MWh. On the global measure the average was 1.0% higher over the quarter.

Dutch Power Base Load Prices in Germany

Prices in Germany firmed 1.0% in Q2 2026 to EUR 135.76/MWh, compared with EUR 134.42/MWh in Q1. German prices rose as the demand from industry strengthened. Against the EUR 130.02/MWh recorded in Q2 2025, the current average represents a 4.4% increase. The price in Germany was almost identical to the EUR 136.14/MWh average of the four markets.

Why did the price of Dutch Power Base Load change in Q2 2026 in Germany?

Germany rose. Demand from industry strengthened, gas prices went up, and generators lifted offers. This came on top of a 0.8% gain in Q1, and the average ended 4.4% above its level of a year earlier, when it stood at EUR 130.02/MWh. Q3 reversed some of the change, with the price at EUR 134.00/MWh.

Dutch Power Base Load Prices in Belgium

Belgium recorded a 0.9% gain in Q2 2026, with the average reaching EUR 141.56/MWh against EUR 140.29/MWh in Q1. Belgian prices rose as the demand from industry strengthened. The Q2 2025 average of EUR 135.84/MWh puts the current price 4.2% above its level a year earlier. Belgium ended the quarter 4.0% above the group average of EUR 136.14/MWh.

Why did the price of Dutch Power Base Load change in Q2 2026 in Belgium?

Belgium rose. Demand from industry strengthened, gas prices went up, and suppliers lifted offers. Q1 had brought a 0.7% gain, and by the end of Q2 the price was 4.2% above the Q2 2025 average of EUR 135.84/MWh. The price then partly reversed in Q3, to EUR 140.00/MWh. The global average shifted 1.0% higher in the same quarter.

Dutch Power Base Load Prices in Netherlands

The Q2 2026 average for the Netherlands stood at EUR 147.33/MWh, an increase of 0.8% on the EUR 146.16/MWh recorded in Q1. Dutch prices rose as the demand from industry strengthened. Year on year, the average is 3.4% higher, against EUR 142.53/MWh in Q2 2025. The price in the Netherlands was 8.2% above the group average of EUR 136.14/MWh in Q2 2026.

Why did the price of Dutch Power Base Load change in Q2 2026 in Netherlands?

The Netherlands rose. Demand from industry strengthened, carbon allowance prices went up, and generators lifted offers. Coming after a 0.6% gain in Q1, the Q2 figure sits 3.4% above the EUR 142.53/MWh of Q2 2025. Part of the move was reversed in Q3, leaving the price at EUR 146.00/MWh. Across the four markets the average was 1.0% higher on the quarter.

Quarterly Dutch Power Base Load Price Trends

Dutch Power Base Load prices rose through 2025 and the first half of 2026 before easing in the third quarter in all four markets. The global average moved from EUR 128.77/MWh in Q1 2025 to 130.55 in Q2, 132.58 in Q3 and 133.85 in Q4, then 134.84 in Q1 2026, 136.14 in Q2 and 134.50 in Q3, a net gain of roughly 4.4% across the window. Higher gas and carbon allowance prices and steady demand from industry lifted prices for five quarters, and lower gas prices and larger wind and solar output caused a decline in the third quarter.

What was Dutch Power Base Load Price in 2025?

2025 was a year of gradual increases for Dutch baseload power, with prices rising in each quarter in all four markets. Starting near EUR 128.77/MWh in Q1, the global average finished the year at 133.85 in Q4, a gain of about 3.9%. Higher gas and carbon allowance prices and steady demand from industry supported generators throughout the year.

Dutch Power Base Load Prices in France in 2025

In France, prices moved from about EUR 111.85/MWh in Q1 2025 to EUR 117.44/MWh by Q4, up roughly 5.0%. French prices rose gradually as gas prices and demand from industry increased. The Q4 2025 close of EUR 117.44/MWh compares with EUR 118.00/MWh in Q3 2026, a 0.5% increase. The quarterly sections above show how the annual average developed over the year.

Dutch Power Base Load Prices in Germany in 2025

In Germany, prices moved from about EUR 128.22/MWh in Q1 2025 to EUR 133.35/MWh by Q4, up roughly 4.0%. German prices rose gradually as gas prices and demand from industry increased. Relative to the end of 2025, the price in Germany is 0.5% higher at EUR 134.00/MWh. The quarterly breakdown above allows each stage of that path to be traced.

Dutch Power Base Load Prices in Belgium in 2025

In Belgium, prices moved from about EUR 133.96/MWh in Q1 2025 to EUR 139.32/MWh by Q4, up roughly 4.0%. Belgian prices rose gradually as gas prices and demand from industry increased. By Q3 2026 the average for Belgium had reached EUR 140.00/MWh, 0.5% above the Q4 2025 close. The same regional pattern is carried into the quarterly analysis above, where the quarter-by-quarter figures can be traced.

Dutch Power Base Load Prices in Netherlands in 2025

In the Netherlands, prices moved from about EUR 141.05/MWh in Q1 2025 to EUR 145.28/MWh by Q4, up roughly 3.0%. Dutch prices rose gradually as carbon allowance prices and demand from industry increased. The latest quarter places the Netherlands at EUR 146.00/MWh, which is 0.5% above the level at which 2025 ended.

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Expert Market Research: Your Source for Real-Time Dutch Power Base Load Price Intelligence

We keep a continuous eye on Dutch baseload power prices wherever it is produced or consumed at scale, tracing causation through Dutch hub gas prices, carbon allowance prices, wind and solar output, nuclear availability, interconnector flows and demand from industry. Our forecasts draw on production data, trade flows, input cost trends and demand indicators across all reporting regions, so subscribers see why a price moved and not just that it did. Need pricing data, bespoke market analysis, or procurement advisory? Reach out to our team.