Electricity Price | Netherlands — Q4 2023
Check how the Electricity prices evolved in Netherlands, from Q4 2022 to Q4 2023.
The table below shows quarterly Electricity prices, in USD cent per kWh.
And this table presents how Electricity prices varied, on a year-over-year basis and on a quarter-over-quarter basis.
Electricity, ind, NL. The price of Electricity (industrial sector price, Netherlands) decreased during Q4 2023 to 16.2 USD cent per kWh, which represents a considerable decline of 33% compared to the previous quarter’s value. On a year-over-year basis, prices of Electricity (industrial sector price, Netherlands) decreased by 16%.
Electricity, hho, NL. In Q4 2023, the price of Electricity (household price, Netherlands) witnessed a rise of 23 USD cent per kWh when compared against the previous quarter’s price, to 57 USD cent per kWh. The Q4 2023 price is 68% higher than the price one year before.
For further information on the pricing of Electricity, including:
- Current prices, on a quarterly basis
- Historical pricing data since 2007
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/electricity-price-netherlands
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A Little Bit About Electricity
Electricity is a vital and versatile energy source, widely used worldwide because of its easy transportation and distribution. Various sources, including fossil fuels such as coal and natural gas, nuclear energy, and renewable sources such as wind, solar, and hydropower are employed for Electricity generation. However, the production cost from each source can vary and significantly impact the price of Electricity. For instance, conventional power plants that rely on fossil fuels often have stable, but higher operating costs, leading to relatively stable, yet higher electricity prices. On the other hand, renewable energy sources, while they can have higher upfront costs, often have lower operating costs and can lead to more competitive electricity prices over time. Because of that and different tariff policies, the Electricity price varies substantially by country. It is worth highlighting the industry’s role in the electricity market. The industrial sector is responsible for a considerable amount of Electricity consumption in a country. Industries usually participate in wholesale markets and/or establish contracts with Electricity providers to guarantee a continuous supply and prices below commercial and residential ones. Particularly, baseload plants are essential to provide Electricity over a long time and balance supply and demand continuously. The local power grid ensures the transmission from the generation station to customers.
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