1. Context
Corporate presentation Elia Group | 2015

2. Context
Price spikes of up to 300 €/MWh were observed on the 8th and 9th of November

3. Increased need for import of the last months
Over the past months a high price convergence ratio in the CWE area was observed.
This was the result of low import needs of BE and FR, BE was able to import from France (spring) or export to France (summer)
The increase in import need for both hubs significantly raises prices (both hubs are competing for cheap energy from NL/DE)
Very similar market behavior has been observed end of 2016 / beginning of 2017.

4. Comparing the FB domains of week 45 for h19
For all the working days of week 45, the FB domain slice BE/FR of hour 19 is shown:
Very comparable FB domain and market clearing point for , and
Although the results are similar, the market clearing prices are vastly different
The FB domain for was significantly smaller than pervious days, while having a ‘low’ market clearing price

5. Comparing the import capabilities of BE and BE+FR
For 2017 the average weekly technical import during hour 19 is shown:
capability of Belgium import from CWE
Belgium + France combined import capabilities
During the last weeks, Belgium was able to (and did) significantly import from CWE
Corporate presentation Elia Group | 2015

6. Aggregated curves (no block bids)
Prices increase between 0 and 500 €/MWh for only 20 Mw supply difference
Aggregated curves (no block bids)
During the days where the price peaks were observed, the liquidity of the Belgian market was particularly low

7. Generation forecast Large amount of power plants in (forced) outage
Doel 3 (1006 MW)
Tihange (960 MW)
Zandvliet Power (386 MW)
Saint-Ghislain STEG (350 MW)
Corporate presentation Elia Group | 2015