🇱🇺 Electricity spot price in Luxembourg today – October 12, 2024

Electricity spot prices in Luxembourg today, hour by hour. Including prices for the last 30 days.

AD

Electricity price today in Luxembourg

Right now the price of electricity in Luxembourg is   0.076 €/kWh -40,8 %

Highest electricity price today is 0.090 €/kWh at 00-01 Lowest electricity price today is 0.014 €/kWh at 13-14 On average the electricity price today is ~0.056 €/kWh
Detailed tabled Last 30 days

A shower costs today
0.45 € in Luxembourg

Lowest price today: 0.54 € Highest price today: 0.09 €

10 min, 160 l of water = ~6 kWh

A bath costs today
0.57 € in Luxembourg

Lowest price today: 0.68 € Highest price today: 0.11 €

200 liters of water = ~7,5 kWh

An oven at full blast all day costs today
1.35 € in Luxembourg

 

1000W x 24 hours = 24 kWh

Boil 1 liter of water costs today
0.01 € in Luxembourg

Lowest price today: 0.01 € Highest price today: <0.01 €

Hot plate for 4 min = ~0,12 kWh

Bake a pizza costs today
0.08 € in Luxembourg

Lowest price today: 0.10 € Highest price today: 0.02 €

Oven for 30 min = ~1,1 kWh

Charge an electric car costs today
3.40 € in Luxembourg

Lowest price today: 4.05 € Highest price today: 0.64 €

Nissan Leaf 10-80% = ~45 kWh

More examples
AD

Electricity market in Luxembourg

Main sources of energy

Luxembourg's energy sector primarily relies on imported energy to meet its requirements. This dependency on imports marks a significant characteristic of the country's energy landscape. The main source of energy in Luxembourg has traditionally been fossil fuels, particularly natural gas and oil. These sources have historically dominated the energy mix, reflecting a broader trend seen in many industrialized nations.

Energy sources in Luxembourg

In recent years, there has been a gradual shift towards more sustainable energy sources. Renewable energy, particularly hydropower and biomass, is playing an increasingly important role in Luxembourg's energy profile. This shift aligns with global trends towards cleaner, more sustainable energy solutions.

Renewable energy expansion

The government of Luxembourg has implemented policies to foster the growth of renewable energy. These policies are driven by environmental concerns and the need to reduce reliance on imported energy. Solar energy, in particular, has seen significant growth, with numerous installations across the country. Wind energy, although less prevalent than solar, is also part of the renewable energy portfolio.

Investments in renewable energy infrastructure reflect Luxembourg's commitment to a sustainable energy future. These investments are crucial in reducing carbon emissions and combating climate change, aligning with global environmental goals.

EU electricity market participation

Luxembourg is an active participant in the European Union's electricity market. This participation is vital for the country's energy security and economic stability. Being part of the EU electricity market allows Luxembourg to import and export electricity, balancing supply and demand more efficiently.

The interconnectivity with neighboring countries, such as France, Belgium, and Germany, plays a crucial role in Luxembourg's energy strategy. These connections enable Luxembourg to access a broader energy market, ensuring a more stable and diverse supply of electricity.

Energy policy and regulation

The Luxembourgish government has put in place various policies and regulations to oversee and manage the energy sector. These policies aim to ensure a reliable supply of energy, promote environmental sustainability, and foster the development of renewable energy sources. Market liberalization is a key component of these policies, allowing for greater competition and efficiency in the energy sector.

Regulatory frameworks also focus on consumer protection and fair pricing. Ensuring that the electricity market operates transparently and competitively is central to these efforts. This regulatory environment contributes to a stable and efficient electricity market in Luxembourg.

Future energy outlook

The future energy outlook for Luxembourg is focused on further diversification and sustainability. The government's commitment to reducing carbon emissions and increasing the share of renewable energy in the energy mix is expected to continue shaping the energy landscape. This focus aligns with broader European Union objectives regarding energy and climate change.

Advancements in technology, particularly in renewable energy and energy storage, are likely to play a pivotal role in Luxembourg's energy future. Embracing these technologies will be key to achieving a more sustainable, efficient, and resilient energy system.


Energy saving tips

Charge the electric car when electricity is cheapest

The price of electricity can fluctuate a lot during the day and charging an electric car consumes a lot of electricity. With the cost of electricity today in Luxembourg it is 3.41 € cheaper to charge at the hours with the lowest price.

Take a shorter shower or install an energy-saving shower

With the energy-saving shower, you can save up to 50% energy compared to standard shower heads. Or you can shower half the time. With the electricity price today in Luxembourg you can save 0.23 € for each shower.

Questions and answers about electricity

What is spot price?

Most electricity companies in Europe buy electricity on a common market place, such as Nord Pool. All power plants that produce electricity and electricity companies that supply electricity to homes and businesses meet there. Based on supply and demand, prices are set for each hour and each area, one day in advance. Some countries, such as Norway, are divided into several different price areas, each of which has its own spot price.

More questions and answers


All prices are current open market spot prices in the day-ahead segment without local vat, tax or other additions.

Timezone is Central European Time (CET) with Daylight Saving Time (DST). Current time: Sat, 12 Oct 2024 02:09

Data source is ENTSO-E