Evening edition · Tuesday, 10 November 2026
€316.65 for Wednesday: the first step down after two records, and still the third-dearest day of the year
Tuesday's auction for Wednesday delivery cleared €34.83 below the record. Relief, yes; normal, no.
The day-ahead auction for Wednesday 11 November cleared at a German-Luxembourg daily average of €316.65 per megawatt hour, the SMARD series shows1. Desk arithmetic: that is €34.83, or about 9.9%, below Tuesday’s €351.48, the first fall after two record delivery days in a row1. It is also, on the same series, the third-highest daily average of 2026, just above the €314.85 of Thursday 29 October1. On 11 November 2025 the series stood at €96.89; Wednesday’s price is about 3.3 times that (Desk arithmetic)1.
Line chart of the daily average German-Luxembourg day-ahead electricity price from 1 September to 11 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, and stays between €242.13 and €275.64 on every delivery day from 2 to 8 November. It jumps to €345.64 on Monday 9 November and €351.48 on Tuesday 10 November. The latest value is €316.65 for delivery on Wednesday 11 November, €34.83 below Tuesday but still above every delivery day before 9 November shown on the chart.
Source Bundesnetzagentur | SMARD.de day-ahead DE-LU daily averages, delivery days 1 Sep to 11 Nov 2026 (Wednesday 11 Nov €316.65, auction of 10 Nov), retrieved 10 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 |
|---|---|
| 2026-11-06 | 275.64 |
| 2026-11-07 | 259.83 |
| 2026-11-08 | 242.13 |
| 2026-11-09 | 345.64 |
| 2026-11-10 | 351.48 |
| 2026-11-11 | 316.65 |
The shape went back to evening. Tuesday’s dearest hour was 08:00. Wednesday’s is 17:00 at €447.65, with 18:00 close behind at €433.591. In quarter-hours the peak is €457.77 at 17:451. The cheapest hour is 03:00 at €200.391. Desk arithmetic: the gap between dearest and cheapest hour is €247.26, narrower than Tuesday’s €274.39 and far narrower than Monday’s €420.91. Every hourly price for Wednesday is above €2001.
Why it stays high. The explanation has not changed since the weekend. top agrar, reading the same week’s prices, calls it a “Dunkelflaute”: little wind and weak sun, so more gas and coal plants run and set the price2. SMARD’s forecast puts onshore and offshore wind together at about 99.1 gigawatt hours for Tuesday (Desk arithmetic, from1); a figure for Wednesday was not yet published when we checked.
For you. Most households pay a fixed tariff and will not see Wednesday on any bill this month; the auction sets the wholesale leg, and grid fees, taxes and levies sit on top. On a dynamic tariff, the habit flips back: the night until about 06:00 is the cheap block, and late afternoon into early evening is the one to avoid for the washing machine or the car charger1. A fall of €34.83 is welcome. It is not yet a trend. Nothing here is investment advice.
What to watch
The price fell by a tenth. The weather has not yet been told.
Sources
- Marktdaten: Großhandelspreise DE/LU day-ahead, hourly and quarter-hourly (filter 4169) — Bundesnetzagentur | SMARD.de, retrieved 10 Nov 2026, 16:31 CET.
- Dunkelflaute treibt Strompreis auf Jahreshöchststand — top agrar, 10 Nov 2026, 14:27 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.