The European power spot prices slightly increased yesterday amid higher clean fuel costs and forecasts of stronger power demand combined with easing wind output. The day-ahead prices hence averaged 332.25€/MWh in Germany, France, Belgium and the Netherlands, +16.23€/MWh day-on-day and +27.12€/MWh from last week. The power curve prices posted moderate gains over the first session…
European gas prices were mixed yesterday, lacking support to climb much higher in a context of stable Russian flows and rebounding Norwegian flows (at 320 mm cm/day on average, compared to 311 mm cm/day on Friday). Day-ahead prices continued to trade in a wide range across European hubs, with NBP spot prices settling €75/MWh below German…
US equity markets fell back yesterday as interest rates rose to above 3.2% for the US 10 year. Market participants appear unconvinced as we approach the end of the month, with recession fears pitted against inflation fears to determine what central bank policy will be. US durable goods orders rose again in May (+0.7% mom) as…
European gas prices took a breather after their strong rise of the previous session. The drop in coal prices (-3.34% for API2 1st nearby prices, -3.95% for Cal 2023 prices) also exerted downward pressure. For the moment, this decline in coal prices is essentially technical. But a more significant decline is possible if the global…
Warmer and calmer weather expectations for the week ahead pushed spot power prices sharply up on Friday amid strong coal and gas prices. Day-ahead prices hence averaged 316.02€/MWh in Germany, France, Belgium and the Netherlands, +27€/MWh day-on-day. On the curve, most contracts retraced some of the strong gains recorded earlier in the week. Prospects of…
