High volatility in the face of uncertainty created by the Omicron variant
What is happening in the markets is quite unusual: equity markets surged upwards in Europe yesterday before a sharp fall in US indices and relative stability…
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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