EUAs reversed from early sharp correction
The power spot prices surged for today in northwestern Europe, lifted by forecasts of below-average temperatures, low French nuclear availability and weak renewable generation. The…
European spot gas prices continued their up and down movements yesterday, dropping after the rise of the previous session. On the pipeline supply side, Norwegian flows were almost stable yesterday, at 264 mm cm/day on average, compared to 263 mm cm/day on Monday. The same for Russian flows, which averaged 332 mm cm/day, compared to 331 mm cm/day on Monday.
Curve prices were also lower as the drop in parity prices with coal for power generation (both EUA and coal prices were down) provided additional downward pressure.
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