Morning edition · Monday, 2 November 2026
€259.31 for Monday, after a weekend that used less power and paid nearly as much
Germany drew about a sixth less electricity on Sunday than on Friday. The price fell by less than a twentieth. The missing ingredient was wind.
Monday’s power was priced on Sunday, and it is not cheap. The day-ahead auction set an average of €259.31 per megawatt hour for Germany and Luxembourg on Monday 2 November, according to the Bundesnetzagentur’s SMARD figures1. That follows €251.42 on Saturday and €255.91 on Sunday1.
Line chart of the daily average German-Luxembourg day-ahead electricity price from 1 September to 2 November 2026, in euros per megawatt hour. It reaches a September high of €256.55 on 14 September, falls to €30.12 on Saturday 24 October and €13.12 on Sunday 25 October during the storm, then climbs to €314.85 on Thursday 29 October, the highest daily average of 2026 so far, and €268.62 on Friday 30 October. This weekend stayed high: €251.42 on Saturday 31 October and €255.91 on Sunday 1 November. The latest value is €259.31 for delivery on Monday 2 November.
Source Bundesnetzagentur | SMARD.de, day-ahead price DE-LU (filter 4169), delivery days 1 Sep to 2 Nov 2026, retrieved 2 Nov 2026 · CC BY 4.0. Bundesnetzagentur | SMARD.de, market data. CC BY 4.0.
Data (CSV) · SVG · PNG
Latest values as a table
| Date | Day-ahead DE-LU |
|---|---|
| 2026-10-28 | 249.21 |
| 2026-10-29 | 314.85 |
| 2026-10-30 | 268.62 |
| 2026-10-31 | 251.42 |
| 2026-11-01 | 255.91 |
| 2026-11-02 | 259.31 |
The weekend that didn’t discount. Grid load fell, as it does when factories and offices close: 1,349.8 gigawatt hours on Friday, 1,168.2 on Saturday and 1,112.5 on Sunday1. Desk arithmetic: Sunday used about 17.6% less electricity than Friday, while its price was about 4.7% lower than Friday’s €268.621. Less demand, almost the same bill.
The reason is in the air. Onshore wind turbines generated 688.8 gigawatt hours on Monday 26 October; this Sunday, 79.01. Offshore wind managed 3.5 gigawatt hours on Saturday, against 147.9 on Tuesday 27 October1. When the wind drops, dearer plants run to fill the gap, and they set the price.
The shape of Monday. The cheapest hour is 12:00 to 13:00 CET at €210.00. The dearest is 07:00 to 08:00 CET at €328.35, as the working week switches on1. Desk arithmetic: the morning peak costs about 56% more than lunchtime.
The calm point. Every one of these numbers was published before the hours they describe, free for anyone to read. If you have a dynamic tariff, the midday hours are where the dishwasher belongs today. Nothing here is investment advice.
What to watch
Demand is a choice you make; the price is the weather's answer.
Sources
- Market data: day-ahead price DE-LU (daily and hourly), grid load and realised generation (wind onshore, wind offshore), 26 October to 2 November 2026 — Bundesnetzagentur / SMARD.de, retrieved 02 Nov 2026, 05:15 CET.
Every figure in this piece traces to a source above or to the desk’s own arithmetic on those sources, marked as such. Quotations are short and attributed. Spot an error? Write to the desk; corrections are logged on the method page.
Commentary for information only. Not investment, legal, tax, medical or political advice. Not an offer or solicitation. Analysis may be incomplete or wrong. Charts show published public data, not a trading feed; binding numbers live with the institutions that publish them.