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.

Share this news :

You might also read :

March 12, 2021

The ECB takes the bull by the horns. The Fed will likely be forced to follow

The ECB has already started to increase its asset purchases in order to address rising bond yields. There has been a curious respite on the…

March 18, 2022

EUAs broke above technical resistance in another quiet session

Except in Germany where prices inched up on forecasts of weaker wind output, the power spot prices faded in northwestern Europe yesterday amid expectations of…

September 24, 2021

Macro optimism boosts the front of the curve

ICE Brent futures were boosted late in the previous session (reaching 77.4 $/b on early Friday) by a jump in inflation expectations, which led to a…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter