European prices dropped sharply
- Gas
- January 14, 2021
Prices dropped sharply yesterday in most European gas markets; only Spain PVB prices posted an increase. Prices were pressured by warmer weather conditions both in Europe and in Asia. Profit taking by financial players provided additional downward pressure. In Asia, JKM spot prices were almost stable yesterday: +0.43% day-on-day, at €91.215/MWh. This echoed the stability in baseload spot power prices on the Japan Electric Power Exchange: €1008/MWh yesterday, below the maximum of €1220/MWh recorded on 11 January. This drop followed the decline in power consumption in Japan due to higher temperatures.
Share this news :
You might also read :
Macro & Oil Podcast #33 In this week’s Macro & Oil EnergyScan podcast, Olivier Gasnier tells us about the two opposite trends sweeping the Global…
February 23, 2021
EUA sharply rebounded after a bearish morning
The European power spot prices dropped below the clean gas costs yesterday amid forecasts of stronger wind and hydro production and milder temperatures. Prices reached…
February 15, 2021
The Nikkei above 30000, 30 years later
New record-high levels on US equities as well as strong domestic GDP figures have pushed the main Japanese stock market index above 30000 for the…
Subscribe to our newsletter