The European power spot prices for today climbed back above the clean gas and coal costs, pushed up by forecasts of weak wind production and below average temperatures, although expectations of improved French nuclear availability limited the gains. Spot prices reached 60.75€/MWh on average in France, Germany, Belgium and the Netherlands, +11.50€/MWh from Friday’s prices.…
European spot and near curve gas prices increased strongly on Friday, supported by colder temperatures and lower renewable power generation. The tension in Asian markets continued to ease on Friday. Indeed, thanks to lower power consumption, system baseload spot power prices on the Japan Electric Power Exchange for delivery today eased to €96/MWh, down from…
Brent futures prices were stable at 55.5 $/b for the prompt future contract amid growing concerns over new lockdowns, as Hong Kong declared a 2-day lockdown, while France will likely implement one by the end of the week. The evolution of the pandemic in China is also closely monitored, with strong actions from the Chinese authorities…
Equity markets were down on Friday after the release of indicators pointing to recession in Europe, concerns heightened by the announced delays in vaccine deliver. But the weakening in the USD shows that markets remain fundamentally optimistic about recovery prospects, as the White House is deploying efforts to get a quick vote of the $1.9tn…
Forecasts of colder temperatures and dropping wind output supported the European power spot prices yesterday which presented a hefty 10.37€/MWh gain from the day prior to climb to 49.25€/MWh on average in Germany, France, Belgium and the Netherlands. The French power consumption eased further to 67.17GW on Thursday, -2.36GW from the day prior. The country’s…
