Anyone else clock that 1.038 €/MWh print in Belgium this week?
Saw this come through on Tuesday and had to double check it wasn't a typo. 1.038,25 €/MWh for a 15 minute window, 20:45 CET. heatwave across most of central/western europe, demand up, solar already tailing off for the evening, wind basically a no-show.
everyone's calling it the highest since 2011 (the 2.999 software bug one), which is technically true if you're only looking at ENTSO-E data, since that only goes back to 2016 anyway. belgium actually had a comparable spike in 2007 too, around 2.500, but that one's a different story entirely, CREG opened an investigation into whether one of the big suppliers was leaning on the market rather than it being an actual scarcity event. so three records, three completely different causes, which i think is more interesting than anything.
curious if anyone in other markets saw similar prints this week, seems like NL and DK1 both broke records too.