Power market news

ES-power
July 4, 2022

Profit taking drove EUAs back in middle of the trading range

The European power spot prices are mixed for today compared to Friday as the dropping nuclear availability and higher clean gas costs supported the French and Belgian prices while the contracts in the Netherlands and Germany faded on forecasts of strong solar generation. The day-ahead prices hence averaged 315.65€/MWh over…
ES-power
July 1, 2022

EU power prices move further north

Bulls kept control of European power curve prices on Thursday with concerns over poor nuclear availability pushing France Q4-22 base and peak prices to new record highs at €790/MWh and €1522.45/MWh respectively at the close on the EEX exchange yesterday. Cal-23 prices hit new highs across Europe as well on the back…
ES-power
June 30, 2022

To infinity and beyond !

Buoyed by the soaring gas and carbon prices, the European power spot prices rebounded yesterday with additional support from forecasts of slightly lower wind output. The day-ahead prices hence averaged 339.51€/MWh in Germany, France, Belgium and the Netherlands, +30.60€/MWh day-on-day. The power curve prices posted hefty gains once again on…
ES-power
June 29, 2022

EU Council reached an agreement on Fit for 55 package

The European power spot prices eased yesterday, pressured by an early weakness of gas prices and forecasts of stronger wind, solar and hydro generation. The day-ahead prices averaged 308.92€/MWh in Germany, France, Belgium and the Netherlands, -23.33€/MWh day-on-day. After a bearish opening, the power forward prices quickly reversed and climbed…
ES-power
June 28, 2022

Supply concerns continued to buoy the energy complex

The European power spot prices slightly increased yesterday amid higher clean fuel costs and forecasts of stronger power demand combined with easing wind output. The day-ahead prices hence averaged 332.25€/MWh in Germany, France, Belgium and the Netherlands, +16.23€/MWh day-on-day and +27.12€/MWh from last week. The power curve prices posted moderate…
ES-power
June 27, 2022

EU curve power prices retrace recent gains but tight fundamentals remain supportive

Warmer and calmer weather expectations for the week ahead pushed spot power prices sharply up on Friday amid strong coal and gas prices. Day-ahead prices hence averaged 316.02€/MWh in Germany, France, Belgium and the Netherlands, +27€/MWh day-on-day. On the curve, most contracts retraced some of the strong gains recorded earlier…
ES-power
June 24, 2022

Increased hedging drove the carbon prices up

The European power spot prices faded yesterday amid forecasts of improving nuclear availability, a sudden surge of wind and hydro production and decreasing power demand. The day-ahead prices hence averaged 289.05€/MWh in Germany, France, Belgium and the Netherlands, -22.64€/MWh day-on-day. The sharp bullish rally continued on the gas and power…
ES-power
June 23, 2022

EU Parliament finally agreed on common position for ETS revision

The European power spot prices reverted yesterday, the French and German day-ahead prices decreasing on forecasts of higher nuclear availability and wind output while prices rebounded in Belgium and the Netherlands amid falling solar production and Belgian nuclear availability. The day-ahead prices hence averaged 311.69€/MWh over the four countries, -2.45€/MWh…
ES-power
June 22, 2022

Second attempt for the Parliament

The European power spot prices were mixed yesterday, lifted in Germany and France by the higher fuel and carbon prices but down in Belgium and the Netherlands on forecasts of stronger solar generation. The day-ahead prices hence averaged 314.14€/MWh over the four countries, +9.02€/MWh day-on-day. The power curve prices continued…
ES-power
June 21, 2022

Flow of regulatory news spurred mixed moves in the energy complex

The European power spot prices continued to climb yesterday, buoyed by a rebound of clean fuel costs and forecasts of stronger demand, weaker nuclear availability and dropping wind production, although the higher solar and hydro generation expected today might have dampened slightly the bullish pressure. The day-ahead prices hence averaged…
ES-power
June 20, 2022

Overall retreat of the energy complex

The European power spot prices for today reached a level close to Friday’s as the retracing gas prices, weaker demand and higher wind output expected in the upcoming hours were offset by forecasts of lower nuclear availability and solar production. The day-ahead prices hence averaged 269.29€/MWh in Germany, France, Belgium…
ES-power
June 17, 2022

Surging gas prices triggered sell-off in EU ETS

The European power spot prices pursued their ascend yesterday, driven further up by the soaring gas prices despite forecasts of slightly weaker power demand. The day-ahead prices averaged 272.10€/MWh in Germany, France, Belgium and the Netherlands, +39.33€/MWh day-on-day. The EUAs plunged by 3.7% on Thursday as the surging gas markets…
ES-power
June 16, 2022

ENVI’s MEPs found an agreement on dividing measure

Except in Germany where a public holiday and forecasts of higher wind output offset the bullish pressure, the European power spot prices continued to rise yesterday, driven up by the soaring clean fuel costs and demand amid the ongoing heatwave observed across NWE. The day-ahead prices hence averaged 232.77€/MWh in…
ES-power
May 23, 2022

Commission’s proposal to auction EUAs from MSR continued to pressure the carbon market

The European power spot prices fell below 200€/MWh for today as gas dropping gas and carbon prices combined with forecasts of soaring wind production pressured the market. The day-ahead prices averaged 191.52€/MWh in Germany, France, Belgium and the Netherlands, -17.04€/MWh from Friday and -15.73€/MWh week-on-week. The power curve prices ended…
ES-power
May 20, 2022

EUAs extended their fall on fears of additional supply

The European power spot prices inched down yesterday amid weaker clean gas costs and forecasts of lower demand. The day-ahead prices hence averaged 208.56€/MWh in Germany, France, Belgium and the Netherlands, -2.66€/MWh day-on-day. The power forward prices posted moderate losses along the curve, weighed by the fading gas markets and…
ES-power
May 19, 2022

EUAs tumbled on Commission’s plan to sell allowances from MSR

The European power spot prices inched up yesterday as the ongoing warm spell strengthened the power demand across the bloc while forecasts of slightly higher wind and hydro production kept prices just below the clean gas costs. The day-ahead prices hence averaged 211.23€/MWh in Germany, France, Belgium and the Netherlands,…
ES-power
May 18, 2022

ENVI’s vote for stricter EU ETS reforms lifted the carbon prices

The European power spot prices slightly faded yesterday, pressured by forecasts of stronger wind and solar generation but still supported by the high demand induced by the current warm spell. The day-ahead prices averaged 207.14€/MWh in Germany, France, Belgium and the Netherlands, -16.97€/MWh day-on-day. On the curve, most power contracts…
ES-power
May 17, 2022

Carbon prices edged up ahead of ENVI’s vote

The European power spot prices rose yesterday amid forecasts of higher demand induced by the current warm spell, and dropping wind output. The day-ahead prices averaged 224.12€/MWh in Germany, France, Belgium and the Netherlands, +16.86€/MWh day-on-day. The power forward prices extended losses along the curve, tracking the bearish gas market…
ES-power
May 16, 2022

China pushed oil higher on Friday and lower this morning

Oil prices climbed on Friday: ICE Brent front month jumped by 3.8% to $111.55/b while NYMEX WTI gained 4.1% to $110.49/b. That is the highest closing price for WTI since March 25,  between Monday and Friday NYMEX WTI inched 0.7% higher whereas ICE Brent went down by 0.9%. On refined…
ES-power
May 13, 2022

Power prices soared on bullish gas market while EUAs took a breath

The European power spot prices observed limited changes yesterday as hefty wind production kept most prices under the clean coal costs while the French followed once again a different path and slightly increased, buoyed by higher clean gas costs which offset the forecasts of weaker power demand. The day-ahead prices…
ES-power
May 12, 2022

Mixed power prices in Europe, strong volatility in the EUA market

Power prices in Europe continued to diverge on Wednesday amid a volatile session for EUA prices and opposing trends for gas and coal prices. Warm river concerns supported Q3-22 prices in France while lingering dry weather widened further the Italian premium compared to France for June delivery. Falling wind power…
ES-power
May 11, 2022

Falling fuel prices drove the power prices down, but a rebound might loom

The European power spot prices dropped yesterday as the ongoing wind surge offset the weaker clean gas cost and pressured the market. The day-ahead prices averaged 164.69€/MWh in Germany, France, Belgium and the Netherlands, -16.22€/MWh day-on-day with only the French prices remaining above the clean coal cost thanks to the…
ES-power
May 10, 2022

Weak auction pushed EUAs back below 90€/t

As expected, the European power spot prices weakened yesterday on lower clean fuel costs and forecasts of surging wind output and slightly improved nuclear availability with the Belgian nuclear reactor Tihange 2 (1GW) ramping up to its maximum capacity after hovering at 900MW for a few days. The day-ahead prices…
ES-power
May 9, 2022

EUAs extended their rally while power short-term prices faded

The European power spot prices continued to however just above 200€/MWh for today, although slightly lower than Friday due the retracing gas market and forecasts of strong solar generation. The day-ahead prices averaged 216.52€/MWh in Germany, France, Belgium and the Netherlands, -8.84€/MWh from Friday and -1.88€/MWh week-on-week, but the picture…
ES-power
May 6, 2022

France baseload Cal 23 prices moving closer to the €300/mark

The European power spot prices inched down yesterday on lower clean gas costs and forecasts of slightly increased wind production, temperatures and French nuclear availability. The day-ahead prices averaged 225.36€/MWh in Germany, France, Belgium and the Netherlands, -8.71€/MWh day-on-day. In the meantime, the uncertainties around the rouble payment continued to…
ES-power
May 5, 2022

Power prices were buoyed by the bullish fuel complex amid coming Russian oil ban and anticipation of military escalation

Yesterday marked another day of particularly flat European power spot prices with the ongoing wind shortage being offset by slightly higher French nuclear availability and hydro production. The day-ahead prices averaged 234.07€/MWh in Germany, France, Belgium and the Netherlands, +3.58€/MWh day-on-day. Conversely, the power forward prices extended hefty gains along…
ES-power
May 4, 2022

Short-squeeze drove EUA prices near 90€/t

The European power spot prices inched up yesterday, buoyed by higher clean fuel costs and forecasts of weaker French nuclear availability and German wind production. The day-ahead prices hence averaged 230.49€/MWh in Germany, France, Belgium and the Netherlands, +12.32€/MWh day-on-day. The power forward prices received support from the rebounding gas…
ES-power
May 3, 2022

Power and emissions markets extended losses amid muted activity

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…
ES-power
April 29, 2022

EUAs gave back early losses on retracing gas prices

The European power spot prices remained impressively flat from the previous day yesterday, with a continuous German wind shortage offset by a strong solar generation, fading power demand and improving Belgian nuclear availability. The day-ahead prices averaged 227.99€/MWh in Germany, France, Belgium and the Netherlands, -2.15€/MWh day-on-day. The carbon prices…
ES-power
April 28, 2022

Sideways variations of the energy complex

The European power spot prices remained once again overall steady and just below the clean gas costs yesterday amid mostly unchanged fundamentals. The day-ahead prices hence averaged 230.14€/MWh in Germany, France, Belgium and the Netherlands, +9.21€/MWh day-on-day but could face some pressure for tomorrow and the upcoming weekend from the…
ES-power
April 27, 2022

Well, it was a quick !

The European power spot prices edged down yesterday on an early bearishness of gas prices and forecasts of warmer temperatures and strong solar generation offsetting the ongoing wind shortage and weaker nuclear availability. The day-ahead prices averaged 220.93€/MWh in Germany, France, Belgium and the Netherlands, -12.92€/MWh day-on-day. The carbon prices…
ES-power
April 26, 2022

A quick reversal of carbon prices

The European power spot prices inched up yesterday as forecasts of higher demand and falling wind production were mostly offset by expectations of improved French nuclear availability and increased hydro generation. The day-ahead prices hence averaged 233.85€/MWh in Germany, France, Belgium and the Netherlands, +11.38€/MWh day-on-day. Easing uncertainties over the…
ES-power
April 25, 2022

A return of the carbon market’s speculators ?

The European power spot prices climbed above 220€/MWh for today, supported by a combination of decreasing temperatures, dropping wind output and much weaker nuclear availability with the French production expected to fall near 30GW and the Belgian reactor Tihange 1 shut for maintenance since last Friday. The day-ahead prices hence…
ES-power
April 21, 2022

Finally some movement on the carbon market

The European power spot prices remained steady from the previous day yesterday amid mostly unchanged fundamentals, the day-ahead prices averaging 199.30€/MWh in Germany, France, Belgium and the Netherlands, -3.10€/MWh day-on-day with a strong coupling between the countries. The power curve prices extended gains along the curve and for once especially…
ES-power
April 20, 2022

Power and carbon markets slowly resumed trading

The European power spot prices inched down yesterday on lower clean gas costs and forecasts of slightly higher wind production with the rest of the market’s fundamentals mostly steady day-on-day. The day-ahead prices averaged 202.40€/MWh in Germany, France, Belgium and the Netherlands, -9.84€/MWh day-on-day. The power forward prices posted losses…
ES-power
April 19, 2022

Power day-ahead prices doubled from public holiday-curbed long weekend

After dropping near 100€/MWh over the weekend due the power demand being significantly curbed by the Easter weekend and particularly sunny conditions, the European power spot prices nearly doubled for today, driven up by a recovered demand, falling French nuclear availability and ongoing wind shortage. The day-ahead prices hence averaged…
ES-power
April 15, 2022

Diverging power and carbon prices ahead of the Easter break

The European power spot prices eased yesterday amid forecasts of lower demand, improved French nuclear availability and slightly stronger hydro and wind productions. The day-ahead prices averaged 200.40€/MWh in Germany, France, Belgium and the Netherlands, -27.27€/MWh day-on-day. The carbon prices rose throughout Thursday, recouping this week’s losses amid falling energy…
ES-power
April 14, 2022

Power prices posted moderate gains on lower Russian gas supply

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…
ES-power
April 13, 2022

Another day of muted activity in the power and carbon markets

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…
ES-power
April 12, 2022

A retracing and quiet energy complex

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…
ES-power
April 11, 2022

EU’s ban on Russian coal triggered early rise of power 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…
ES-power
April 8, 2022

A strong auction pushed carbon prices back toward 80€/t

The European power spot prices rebounded yesterday, buoyed by forecasts of colder temperatures and dropping (although still strong) wind output. The day-ahead prices averaged 202.65€/MWh in Germany, France, Belgium and the Netherlands, +58.58€/MWh day-on-day with the German baseload price keeping a more than 100€/MWh discount to the other NWE countries…
ES-power
April 7, 2022

EUAs faded on UK auction

The European power spot prices continued to fade amid easing clean gas costs, surging wind output, and improving Belgian nuclear availability. The day-ahead prices averaged 144.06€/MWh in northwestern Europe, -33.21€/MWh with prices ranging from 74.15€/MWh in Germany to 219.54€/MWh in France. Meanwhile, the power forward prices posted limited as the…
ES-power
April 6, 2022

Power prices rose as EU planned ban on Russian coal imports

The power spot prices faded in north western Europe yesterday, pressured by forecasts of stronger wind and solar output, weaker demand and increasing Belgian nuclear availability. The day-ahead prices averaged 177.28€/MWh in Germany, France, Belgium and the Netherlands, -51.50 from the previous day. On the curve, the power prices observed…
ES-power
April 5, 2022

Neutral carbon and easing power prices

The NWE power spot prices observed mixed variations yesterday, the French prices strongly correcting downward from its peak amid forecasts of lower demand and improved nuclear availability while the German prices went back up and above the clean coal costs supported by the weaker wind production expected today. Prices in…
ES-power
April 4, 2022

French power spot prices spiked on forecasts of extreme tension

The power spot prices for today took opposite directions in north western Europe, falling by 84.80€/MWh from Friday to 75.33€/MWh in Germany on forecasts of a wind output surging close to 40GW, edging in Belgium and the Netherlands to respectively 225.80€/MWh and 212.84€/MWh and sky-rocketing to 551.43€/MWh in France on…
ES-power
April 1, 2022

EUAs shed early gains as gas prices surged again

Except in France where prices were supported by higher gas prices and forecasts of stronger demand, the European power spot prices went down yesterday, pressured by the currently surging wind output. The day-ahead prices averaged 189.93€/MWh in Germany, Belgium and the Netherlands, -51.09€/MWh day-on-day, and reached 317.50€/MWh in France, +23.30€/MWh…
ES-power
March 31, 2022

EUAs recouped recent gains on renewed gas supply concerns

Despite higher gas prices and decreasing temperatures, most European power spot prices faded yesterday on forecasts of surging wind production. The day-ahead prices averaged 254.32€/MWh in Germany, France, Belgium and the Netherlands, -16.83€/MWh day-on-day. The carbon market suffered once again from its negative correlation with the energy complex yesterday. The…
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