European gas prices mixed, Japan power prices sharply down

Gas
January 15, 2021

European gas prices were mixed yesterday as the rally on Asian markets came to an end but with prices stabilizing at high levels. Indeed, JKM spot prices were almost stable yesterday: +0.08% day-on-day, at €91.284/MWh. By contrast, thanks to higher temperatures, baseload spot power prices on the Japan Electric Power Exchange were sharply down, falling to €385/MWh yesterday, compared to €1010/MWh the day before and €1220/MWh on 11 January.

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European gas prices mixed, Japan power prices sharply down

You might also read :

Germany moves closer to ban Russian oil

EUAs retreated as a consequence of surging power and gas margin calls

US jet demand to reach 1.5 mb/d in the coming weeks

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