The European power spot prices remained stable and just below the clean gas costs yesterday as the expectations of lower demand were offset by forecasts of weaker renewable generation. The day-ahead prices hence averaged 227.67€/MWh in Germany, France, Belgium and the Netherlands, -5.85€/MWh day-on-day. The power forward prices tracked the firmer gas and coal prices…
European gas prices were up overall yesterday, supported by lower pipeline supply and resilient coal prices. Indeed, Russian supply dropped again yesterday, averaging 217 mm cm/day, compared to 225 mm cm/day on Tuesday. Norwegian flows dropped to 325 mm cm/day on average, compared to 334 mm cm/day on Tuesday, due to an unplanned outage at…
The release of the US CPI figures showed a further acceleration in the inflation rate in March 2022 at 8.5% yoy, which was the largest year-on-year gain since December 1981. Surging gasoline prices were the main contributor of this sharp increase, but food and services also made strong contributions. A 50 basis points interest rate hike…
European gas prices were mixed yesterday on the spot and the near curve. Russian flows dropped significantly, averaging 225 mm cm/day, compared to 245 mm cm/day on Monday, a drop that seems due to lower offtakes by long-term buyers. This was partly offset by higher Norwegian flows, which increased to 334 mm cm/day on average,…
The NWE power spot prices slightly rebounded yesterday, buoyed by forecasts of lower renewable generation, while an improving nuclear availability kept the French prices steady from the previous day. The day-ahead prices averaged 233.52€/MWh in Germany, France, Belgium and the Netherlands, +23.36€/MWh day-on-day. The power forward prices posted limited gains on Tuesday with support from…
