EUAs and power curve prices dropped amid Covid fears resurgence
The European power spot prices faded yesterday amid forecasts of milder temperatures and stronger renewable production. Prices reached 57.08€/MWh in Germany, France, Belgium and the…
European spot gas prices rebounded yesterday. Despite the drop in residential demand due to the sharp rise in temperatures, weaker pipeline supply left gas balances not so comfortable. Indeed, Norwegian flows dropped yesterday to 280 mm cm/day on average, compared to 285 mm cm/day on Friday. Russian flows were also lower, averaging 322 mm cm/day, compared to 332 mm cm/day on Friday.
Curve prices were also higher as the rise in parity prices with coal for power generation (both EUA and coal prices were up) lent them support.
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