The gas we use in Belgium is imported from abroad. The electricity is mainly produced in Belgium in nuclear power plants.
This article explores the key features of the energy markets in Belgium, gauging market climate and reviewing recent developments, as well as contractual considerations for market players.
Electricity can be traded day-ahead bilaterally (over-the-counter trading) or on the day-ahead power exchange. The day-ahead power exchange in the Belgian market zone is the Belpex Day-Ahead Market (DAM).
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Power can be traded by market participants on the Belgian power exchange operated by Epex SPOT Belgium. The Belgian exchange (formerly Belpex) was created in 2005 and merged with Epex...
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The origin of a good is one of the factors – alongside tariff classification and customs value – that determine which customs tariff treatment is applied as well as any trade policy measure.
Belgium is heavily reliant on aging nuclear reactors and gas-powered generators, although renewables (especially wind power) are generating an increasing percentage of electricity consumed.
The intraday spot market is also organized through a power exchange in Belgium, but clearing takes place on a continuous basis. Market participants submit anonymous supply and demand bids just like in the day-ahead
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