EU Power Markets: Geopolitical Shock and NL Day-Ahead Volatility

Between 6 February and 8 March 2026, NL day-ahead averaged €93.57/MWh but ranged from –€1.03 to €449.46/MWh. Quiet gas-heavy weeks flipped into renewable collapse and a Hormuz/Ras Laffan-driven TTF spike — with load-forecast MAPE above 60% on multiple days.