Spot prices torn between the dropping temperatures and strong wind production

Power
April 6, 2021

If the European power spot prices for Monday plunged amid a demand weakened by the Easter holiday and the surging wind output, they sharply rebounded for today as the dropping temperatures should support the power load in the upcoming hours while the wind generation should slightly ease compared to yesterday, although expectations of higher French nuclear availability and hydro generation may have limited the gains.

The carbon and power forward market were closed on Friday due to the Easter holiday weekend.

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Spot prices torn between the dropping temperatures and strong wind production

You might also read :

The yield curve flattens in the US. Sharp rise in the USD

European gas prices hit new record highs

Will the US crude production recover as fast as refining runs?

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