Morning edition · Thursday, 12 November 2026
The wind arrives on Thursday, mostly after dark: 479 GWh forecast, three times Wednesday's
Thursday's power was already priced cheaply. The generation forecast published since then shows what the auction was buying: a wind that builds all day and peaks at bedtime.
On Wednesday evening we told you that Thursday’s electricity was cheap and that nobody yet knew why. The grid’s own numbers have now arrived. SMARD’s generation forecast for Thursday 12 November puts onshore wind at about 349.2 GWh and offshore wind at about 130.2 GWh1. Desk arithmetic: that is about 479.4 GWh of wind, against about 148.1 GWh forecast for Wednesday, or roughly 3.2 times as much1.
Line chart of the daily average German-Luxembourg day-ahead electricity price from 1 September to 12 November 2026, in euros per megawatt hour. It falls to €13.12 on Sunday 25 October, 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 a record €351.48 on Tuesday 10 November, then eases to €316.65 on Wednesday 11 November. The latest value is €199.05 for delivery on Thursday 12 November, €117.60 below Wednesday and the lowest delivery day since €155.12 on Tuesday 27 October.
Source Bundesnetzagentur | SMARD.de day-ahead DE-LU daily averages, delivery days 1 Sep to 12 Nov 2026 (Thursday 12 Nov €199.05, auction of 11 Nov), retrieved 12 Nov 2026, 05:13 CET · 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 |
|---|---|
| 2026-11-07 | 259.83 |
| 2026-11-08 | 242.13 |
| 2026-11-09 | 345.64 |
| 2026-11-10 | 351.48 |
| 2026-11-11 | 316.65 |
| 2026-11-12 | 199.05 |
A day that builds. The wind does not arrive all at once. In the hour from midnight, the forecast for onshore and offshore together is about 5,600 MWh; by 08:00 it is about 13,600 MWh; by 17:00 about 28,900 MWh; and in the last hour of the day, from 23:00, about 35,100 MWh1. Solar adds a modest 50.0 GWh over the day, almost all of it between 09:00 and 15:001.
The auction read the forecast. Thursday’s day-ahead price averages €199.05 per megawatt hour2. Its dearest hour is 08:00 at €244.82, when the wind forecast is still under half its evening level; its cheapest is 23:00 at €140.25, when the wind is strongest1,2. Desk arithmetic: the six hours from 18:00, each with more than 30,000 MWh of wind forecast, average about €182.91; the four morning hours from 07:00 average about €235.331,2. The early hours are cheap too, at about €199.14 on average from midnight to 06:00, but that is the country asleep, not the wind2.
What this is not. It is not a verdict on the energy transition, for or against. It is one blustery Thursday, and Wednesday showed the opposite: little wind, and a teatime hour at €447.652. The useful point is plainer. A forecast published by the regulator, an auction that prices it, and a chart anyone can check: that is the dull machinery working.
For you. On a dynamic tariff, Thursday’s best window is late: from 21:00 the price is between €140.25 and €165.392. That is when the dishwasher, the washing machine and the car will cost least. On a fixed tariff, nothing changes this month. Nothing here is investment advice.
What to watch
Yesterday's explanation was a guess. This morning it is a forecast with a timestamp, which is the better thing to argue with.
Sources
- Marktdaten: Prognostizierte Erzeugung (wind onshore, wind offshore, solar), hourly — Bundesnetzagentur | SMARD.de, retrieved 12 Nov 2026, 05:13 CET.
- Marktdaten: Großhandelspreise DE/LU day-ahead, hourly (filter 4169) — Bundesnetzagentur | SMARD.de, retrieved 12 Nov 2026, 05:13 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.