The European power spot prices remained impressively stable yesterday as forecasts of slightly higher French nuclear availability and German wind output offset the stronger demand for electricity expected in the upcoming hours. The day-ahead prices averaged 218.16€/MWh in Germany, France, Belgium and the Netherlands, -0.23€/MWh day-on-day. The power forward and carbon prices both ended the…
European gas prices were down overall yesterday, pressured by the rise in pipeline supply. Indeed, Russian flows were significantly up yesterday, averaging 260 mm cm/day, compared to 223 mm cm/day on Friday. Norwegian flows were also up, to 317 mm cm/day on average, compared to 304 mm cm/day on Friday. Note that the European Commission…
The European power spot prices remained impressively flat for weekend and today as a sharp drop of nuclear availability and ongoing wind shortage offset the lower power demand. The day-ahead prices averaged 218.39€/MWh for today in Germany, France, Belgium and the Netherlands, -9.60€/MWh from Friday and -4.07€/MWh week-on-week. On the curve, prices continued to mirror…
Friday was a volatile session, with oil prices reverting at the end of the day: NYMEX front month WTI went down by 0.01% to end the week at $104.69/b and the second-month ICE Brent contract settled at $107.14/b or $0.12 lower. At first, the market continued to climb on Thursday’s comment made by the German Minister of…
European gas prices were mixed on Friday as concerns on Russian deliveries were offset but ongoing strong LNG supply and weaker demand. The additional drop in coal prices (-3.49% for API2 1st nearby prices, -1.11% for Cal 2023 prices) exerted downward pressure. On the pipeline supply side, Russian flows were almost stable on Friday, averaging 223…
