The European power spot prices were mixed yesterday, slightly rising in France despite an improving unclear availability, but falling in Germany, Belgium and the Netherlands amid lower clean gas costs and forecasts of higher renewable production. The day-ahead prices averaged 210.16€/MWh over the four countries, -19.59€/MWh from Friday and -18.62€/MWh week-on-week. The power curve prices…
The European power spot prices averaged 229.75€/MWh for today in Germany, France, Belgium and the Netherlands, +27.10€/MWh from Friday but -36.48€/MWh week-on-week with the largest variation posted by the German prices due to a sharp drop of wind output forecasted for the upcoming hours. The French prices however faded by 19.06/MWh from Friday as today’s…
European gas prices were mixed on Friday, down overall on the spot (except in Italy) and the near curve, up on the far curve. The rise in Italy PSV day-ahead prices seems due to the fall in Russian flows, which averaged 241 mm cm/day in total, compared to 260 mm cm/day on Thursday. On their…
Brent first nearby prices opened Monday’s trading session in negative territory just above the $100/b mark, pressured by a rising number of Covid cases in the Shanghai area with no clarity on when restrictions will be lifted. The massive crude stock releases from strategic reserves announced since the beginning of the month continue to weigh on market sentiment as…
Results of the first round of the French presidential election led to the expected duel between President Macron and the far-right candidate Marine Le Pen. First run-off polls show that President Macron could win a second mandate on April 24 but with a much tighter margin compared to five years ago and this uncertainty could weigh on…
