EUAs extended their rally while power short-term prices faded
The European power spot prices continued to however just above 200€/MWh for today, although slightly lower than Friday due the retracing gas market and forecasts…
European spot gas prices rebounded on Friday, supported by higher residential demand and weak pipeline supply. Indeed, Norwegian flows weakened again, averaging 263 mm cm/day, compared to 266 mm cm/day on Thursday, due to unplanned works at the Oseberg field. As for Russian flows, they remained stable, at 332 mm cm/day on average.
The rise in spot prices spread slightly to near curve prices. By contrast, far curve prices were down, pressured by the drop in EUA prices, which reduced parity prices with coal for power generation.
Get more analysis and data with our Premium subscription
Ask for a free trial here