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.
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…
European gas prices weakened yesterday, pressured by the rebound in Norwegian flows, which were back to normal, reaching 351 mm cm/day on average, compared to…