he power spot prices for today dropped by between 16.30€/MWh and 20.58€/MWh from Friday in Germany, Belgium and the Netherlands on forecasts of soaring wind output. Expectations of higher demand however limited the losses in France where prices only eroded 3.15€/MWh to 69.17€/MWh. The French power consumption rose by 2.83GW to 72.27GW on average on…
European gas prices dropped significantly on Friday, both on the spot and the curve. The drop seems to have triggered by the fall in Asian gas prices. Indeed, JKM spot prices dropped to €76.287/MWh on Friday, -16.43% day-on-day. Baseload spot power prices on the Japan Electric Power Exchange rebounded to €779/MWh on Friday (up from…
Brent futures prices continue to be under pressure across the curve as rising coronavirus cases in China clouds the outlook for demand. Physical crude grades associated with Chinese crude buying retreated, as Chinese independent refiners prefer to consume their crude stockpiles in case spot prices were to weaken significantly more. However, Asian gasoline prices remain…
China’s GDP ended 2020 stronger than expected with a 6.5% yoy GDP growth. Yet, retail sales slowed down unexpectedly, even before the country faced the pandemic resurgence, which suggests the start of 2021 may be more difficult. The Chinese economy posted an average 2.3% GDP growth in 2020. US markets are closed for Martin Luther…
Most of the European power spot prices edged down yesterday, torn between higher nuclear availability, stronger hydro generation and weak renewable production. Only the German prices were slightly up at 72.89€/MWh (+2.31€/MWh) due to the low wind output expected today. Above-average temperatures dampened the French power consumption on Thursday which dropped by 2.24GW to 69.44GW…
