How renewables are affecting Belgium's power supply?

Renewables—especially wind and solar—are rapidly increasing their share of Belgium’s power supply. In 2023, wind and solar accounted for roughly one-third of the electricity mix, a significant jump from the previous decade. Offshore wind in the North Sea is a particular success story, with Belgium now among Europe’s leaders in offshore capacity.

Why should you invest in the electrical supply industry in Belgium?

The Electrical Supply industry in Belgium presents several key considerations for potential investors or partners. Understanding the regulatory landscape is crucial, as the industry is governed by strict EU directives and national laws focusing on safety and environmental sustainability.

Does Belgium have a nuclear power plant?

Belgium’s generation mix is evolving rapidly. In 2024, roughly 42% of domestic production came from nuclear, with renewables (wind/solar/biomass) supplying about 30%, and natural gas about 18%. However, by late 2025 four of the country’s eight reactors (Doel 1–2, Tihange 1–2) will have shut down (per the old phase-out law).

Why are energy imports booming in Belgium?

Imports from France, the Netherlands, the UK, and Germany have surged recently. This cross-border trade is integral to meeting Belgium’s electricity demand and managing price volatility. Expect import dependence to continue as the renewable buildout ramps up and nuclear availability changes. 2. Renewables on the Rise

Who is the largest gas supplier in Belgium?

Electrabel (100% Engie Belgium) is the largest gas supplier with a market share of 41% in 2024 (58 TWh). Luminus is the second largest supplier, with a market share of 11% in 2024 (17 TWh). Since 2000, all the gas consumed is imported (14.1 bcm in 2024). In 2024, almost half of the gas was imported as LNG.

Which suppliers in Belgium have a dynamic plan?

The largest supplier in Belgium, Engie was one of the first to market with a dynamic plan. It offers hourly prices plus an app to help you plan usage around low-price periods. EDF Luminus runs a dynamic contract pegged to the wholesale market.