Evening edition · Monday, 9 November 2026
€351.48 for Tuesday: a lower peak, a higher floor, and a second record in a row
Monday's evening spike does not repeat. What rises instead is the dull part of the day: the night, the noon, the shoulders. That is where most of your kilowatt hours sit.
Today’s day-ahead auction set Tuesday’s German-Luxembourg power price at a daily average of €351.48 per megawatt hour, SMARD’s data show1. That is €5.84 above Monday’s €345.64, which this desk called the dearest delivery day of the year this morning. Tuesday now takes that title on the same series1.
Line chart of the daily average German-Luxembourg day-ahead electricity price from 1 September to 10 November 2026, in euros per megawatt hour. It falls to €13.12 on Sunday 25 October during the storm, climbs to €314.85 on Thursday 29 October, stays between €242.13 and €275.64 from 2 to 8 November, and jumps to €345.64 on Monday 9 November. The latest value is €351.48 for delivery on Tuesday 10 November, the highest daily average of 2026 on the SMARD series, €5.84 above Monday and about 3.2 times the €109.89 of 10 November 2025.
Source Bundesnetzagentur | SMARD.de day-ahead DE-LU daily averages, delivery days 1 Sep to 10 Nov 2026 (Tuesday 10 Nov €351.48, auction of 9 Nov), retrieved 9 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 |
|---|---|
| 2026-11-05 | 257.38 |
| 2026-11-06 | 275.64 |
| 2026-11-07 | 259.83 |
| 2026-11-08 | 242.13 |
| 2026-11-09 | 345.64 |
| 2026-11-10 | 351.48 |
The average hides a change of shape. Monday’s dearest hour was 17:00, at €644.181. Tuesday’s is 08:00, at €494.05 — about €150 lower1. The evening block that scared everyone on Monday has flattened. What has risen is everything else. Between midnight and 05:00 on Monday, hourly prices sat between €223.27 and €231.49; on Tuesday the same hours clear between €256.44 and €268.021. The noon trough is higher too: €315.09 at 12:00 on Monday, €354.09 on Tuesday1.
Desk arithmetic: Tuesday has eight hours at or above €400 (07:00–10:00 and 15:00–18:00), against five on Monday1. In the finer quarter-hour products, the dearest slot is 16:45 at €534.66 and the cheapest 23:45 at €207.711.
A year ago the comparison was gentler. On Monday 10 November 2025 the daily average was €109.892. Desk arithmetic: Tuesday is about 3.2 times that.
Why does the shape matter to you? Few households buy at the spot price. But suppliers who do buy there pay for the whole curve, and a higher floor is harder to dodge than a higher peak. You can move a dishwasher out of 17:00. You cannot move the night. If you are on a dynamic tariff, Tuesday’s cheapest full hour is the last one, 23:00, at €219.661.
What to watch
A spike makes the headline. A raised floor makes the bill.
Sources
- Großhandelspreise: Day-ahead DE-LU, quarter-hourly and hourly, delivery days 9 and 10 Nov 2026 — Bundesnetzagentur | SMARD.de, retrieved 09 Nov 2026, 16:31 CET.
- Großhandelspreise: Day-ahead DE-LU, hourly, week from 10 Nov 2025 — Bundesnetzagentur | SMARD.de, retrieved 09 Nov 2026, 16:33 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.