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Crucial intelligence to understand the changing dynamics of the Belgian power market


The Belgian power market is on the cusp of momentous change, with the introduction of a capacity market, a nuclear exit, renewables build-out, and increased interconnection with European neighbours.

Sustained technology cost declines, increased volatility and higher interconnection levels with surrounding markets bring change and complexities.


These complexities in Belgium include four governing bodies, complicated laws, an exit of baseload capacity, high dependency on neighbouring countries, a diverse landscape for the development of renewables, and a large energy intensive industrial area.

Understanding and managing market, as well as the complex political landscape for power generation, becomes a vital component to investing, financing, and developing power assets.


We are the hub for Belgian power market analysis, with in-house policy expertise and quality modelling.

Our Belgian power market service subscribers receive a well-rounded package to manage and mitigate risks, and understand upcoming market developments. Bankable forecasts and analysis are underlined by a high level of interactivity with the Aurora team and the client group.

What’s included?

Annual forecast reports:

  • Wholesale market price forecast along 3 scenarios (Central, High, Low) to 2050
  • Capacity market price forecast
  • Price distributions and peak prices
  • Renewables capture prices (onshore wind, offshore wind, and solar PV)
  • Spark spreads and capture prices for CCGT
  • Capacity development, generation mix, interconnector capacity, capacity buildout, exports
  • All relevant input assumptions (gas prices, coal prices, CO2 price, demand)
  • Analysis of key sensitivities
  • Data in Excel – all forecast data easily downloadable in Excel format

Interaction with our market experts:

  • Bilateral workshops with our experts to discuss our research and forecasts, and understand the impacts for your business
  • Ongoing access to market experts to address any questions across European power markets
  • Regular subscriber webinars to keep you updated with our latest forecasts, along with key changes in policy and the market
  • Discounted tickets for the unmissable Aurora Spring Forum, attended by senior executives from across Europe

Our subscriptions offer comprehensive market intelligence packages for energy participants. All subscribers get company-wide access to our EOS platform: the energy market’s hub for critical analytics.

Group Meeting

Feb 2021 (Subscriber only event)

Hydrogen in France

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How do I subscribe?

To enquire about our Belgium Power Market subscription, please register your details and our team will get back to you shortly.