Crucial intelligence to understand the changing dynamics of the Belgian energy market
The Belgian power market is on the cusp of change, expecting an imminent exit from nuclear power leading to an increasingly important role for imports and renewable energy. The complex regulatory system and dependence on neighbouring countries make the local market challenging for all players. Manage and mitigate risks and understand upcoming market developments with our Belgian power market services.
What you need to know about the market
- Belgium is a highly interconnected country, with about 37.7 TWh of total cross-border trading in 2022. Imports may provide almost 50% of domestic demand in 2050.
- Historically, nuclear power has covered over half of the country’s demand. The government plans to significantly reduce its use, extending the lifetime of only two reactors out of seven.
- Expected to be built by 2030, the main offshore wind zone, the Princess Elizabeth Zone, has been expanded from 1.75 GW to 3.5 GW. By this time, the new zone will bring the total offshore capacity to 5.8 GW.
Which products are available?
Power & Renewables Service
Robust, transparent analysis, widely used and trusted amongst major market participants and bankable forecasts to support asset financing and in-depth analysis to underpin your investment strategies
Flexible Energy Service
Detailed analysis and granular forecasts for power, balancing, and ancillary service markets plus access to investment case data for a wide range of battery storage and gas peaker business models
Crucial analysis into market sizing and drivers, dedicated insights following policy developments and project activities across power, heat, transport, and industry
Meet the team
Simon De Clercq
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