The number of households opting for dynamic energy contracts in the Netherlands has risen to eight percent, reflecting a shift from fixed contracts as consumers respond to fluctuating energy prices. In contrast, the share of fixed contracts has decreased, with 55 percent of households still holding them, while variable contracts have increased to 37 percent.

Natural-gas prices are experiencing significant volatility, influenced by ongoing unrest in the Middle East, particularly around the Strait of Hormuz. Prices have fluctuated from a low of 41 euros per MWh in late June to a peak of 64 euros per MWh in July, before settling at around 60 euros per MWh, which is still considerably higher than pre-war levels.

The filling rate of Dutch natural-gas storages is currently at 41 percent, significantly lower than the 61 percent recorded last year. This low filling rate is attributed to the unfavorable summer-winter price spread, which discourages market participants from storing gas.

High natural-gas prices are also impacting electricity prices, with the average day-ahead electricity price in July reaching 106 euros per MWh, a 20 percent increase from the previous year. The rise in natural-gas prices has made alternative energy sources, such as coal, more attractive, leading to a notable increase in their contribution to electricity demand.

ACM continues to monitor the energy market closely, advising consumers to evaluate their contract options carefully, as the prices for fixed contracts have risen by five to eleven percent in July alone. The authority has noted significant price disparities among suppliers, particularly for model contracts, which are required to be offered by all energy suppliers.