The European power spot prices edged down yesterday as the forecasts of stronger solar production offset the expectations of slightly higher power demand and weaker wind output. Prices reached 76.62€/MWh on average in Germany, France, Belgium and the Netherlands, -0.73€/MWh day-on-day. Monday morning was marked by a technical issue induced by the ICE moving the…
The market is already in a wait-and-see mode before the ECB meeting and, above all, the release of May US inflation figures on Thursday. The Fed meeting will then follow next week. Limited market moves yesterday. The EUR/USD exchange rate was up, but then gave up some of its gains to trade around 1.2180 this…
European spot gas prices rebounded yesterday. Despite the drop in residential demand due to the sharp rise in temperatures, weaker pipeline supply left gas balances not so comfortable. Indeed, Norwegian flows dropped yesterday to 280 mm cm/day on average, compared to 285 mm cm/day on Friday. Russian flows were also lower, averaging 322 mm cm/day,…
European gas prices were mixed on Friday. Lower residential gas demand due the sharp rise in temperatures and higher pipeline supply exerted downward pressure on spot prices. Indeed, Norwegian flows rebounded significantly on Friday, averaging 285 mm cm/day, compared to 265 mm cm/day on Thursday, after capacity at the Karsto gas processing plant recovered. As…
The forecasts of a wind shortage supported the European power spot prices for today which rose above the clean gas and coal costs despite the warmer temperatures expected in the upcoming hours. The day-ahead prices reached 77.35€/MWh on average in Germany, France, Belgium and the Netherlands, +5.55€/MWh from Friday. Extending Thursday’s downward move, the EUA…
