The power spot prices continued to rise in northwestern Europe yesterday, buoyed by higher gas prices and forecasts of stronger power consumption and weak wind generation. The day-ahead prices averaged 145.90€/MWh in Germany, France, Belgium and the Netherlands, +4.17€/MWh day-on-day. The EUAs sharply rebounded from Friday’s fall on Monday morning, driven up by another surge…
European gas prices continued their (seemingly endlessly) rise yesterday, still supported by concerns on the start date of the Nord Stream 2 gas pipeline. Indeed, the German energy regulator said yesterday that the application by Nord Stream 2 AG for approval as an independent transmission system operator is now complete, and added that it has…
With one week to go before the next Fed meeting, the August inflation figures for the US are of particular importance. A very slight drop is expected, but the inflation rate could be above 5% for the 4th month in a row, while core inflation has been above 4% for the last two months. Energy prices remain…
NWE spot baseload power prices increased yesterday, to €138.172/MWh on average for today delivery (compared to €132.480/MWh for Thursday), supported by forecasts of lower wind generation (4053 MW for today in Germany, compared to 6240 MW yesterday), in a context of higher clean fuel costs. EUA Dec’21 prices maintained their uptrend and closed at €62.75/t…
European gas prices extended gains yesterday, still supported by concerns on weak supply and low stock levels. Russian flows were slightly up, averaging 297 mm cm/day (compared to 296 mm cm/day on Wednesday), but still below the levels of end August (313 mm cm/day). As expected, Norwegian flows rebounded, to 284 mm cm/day on average,…
