The persistent heatwave is driving electricity prices in Belgium to unprecedented levels. For the second consecutive day, tariffs have risen significantly, primarily due to the increasing demand for cooling systems such as air conditioning. According to L'Echo, electricity prices for one hour will exceed 1,000 euros on Wednesday evening, marking an absolute record for Belgium. This extreme price hike puts pressure on the energy network and demonstrates the direct impact of weather conditions on the energy market.
Context of the heatwave and energy consumption
The current heatwave is causing extremely high temperatures in Belgium, making air conditioning essential for many households and businesses. This increased electricity consumption, especially during peak hours, puts pressure on supply, resulting in a sharp rise in prices. The situation highlights the need for a resilient energy network and potential measures to cope with consumption peaks. Previous reports from VRT NWS indicated that measures are being taken to protect vulnerable groups and livestock farmers are keeping their animals cool, which also contributes to energy consumption.