The power spot prices slightly rose yesterday in northwestern Europe, buoyed by the rising power demand, weak solar generation and higher gas prices, but limited by forecasts of increased wind production. The day-ahead prices hence averaged 183.09€/MWh in Germany, France, Belgium and the Netherlands, +4.14€/MWh day-on-day. The EUA extended modest gains over the first session…
The US bond market was closed yesterday, bringing some calm after a sharp rise in yields last week that was not halted by the release of much lower than expected job creation figures. The equity markets are still down due to uncertainties in China (real estate, regulation, energy shortages and soaring costs) and ahead of a…
Crude prices remained volatile on Tuesday, as sources close to the White House mentioned that an SPR release of potentially 60 mb was considered, while also mentioning that reinstating the crude oil export ban was a possibility. The White House backed-tracked later in the day, which boosted crude prices, with ICE Brent Dec21 contract close to 83 $/b.…
Although strongly easing from the previous day’s peak, the European power spot prices remained at high levels above 200€/MWh yesterday, supported by the nonetheless still high gas prices, the below-average temperatures strengthening the power demand and a wind shortage. The day-ahead prices averaged 203.84€/MWh in Germany, France, Belgium and the Netherlands, -97/64€/MWh day-on-day. The carbon…
European gas prices dropped again yesterday, pressured by more comfortable spot fundamentals and the strong fall in Asia JKM prices (-36.79%, to €104.713/MWh, on the spot; -7.07%, to €106.913/MWh, for the December 2021 contract). At the close, NBP ICE November 2021 prices dropped by 27.940 p/th day-on-day (-10.22%), to 245.510 p/th. TTF ICE November 2021…
