The European power spot prices for today slightly decreased compared to Friday, pressured by forecasts of higher solar and hydro production and slightly lower gas prices, although the weak nuclear availability and stronger demand expected in France pushed the country’s price up. The day-ahead prices averaged 221.26€/MWh in Germany, France, Belgium and the Netherlands , -8.46€/MWh from Friday and -63.29€/MWh week-on-week due to the retracement of the gas prices.
The EUAs remained overall flat with a very narrow trading range and low exchanged volumes on Friday amid a calm energy complex and little developments regarding the conflict in Ukraine while the looming quarterly options expiry maintained prices near 80€/t. Only a timid sell-off at the end of the session drove the carbon benchmark contract very slightly down to eventually close at closed at 78.89€/t, -1.00€/t from Thursday’s settlement. Prices are expected to hover around 80€/t until the options’ expiry due on Wednesday, with only a strong headline able to divert the EUAs from this target.
In the power forward market, the prices observed little changes as well over the last session of the week, most contracts erasing their gains from a strong opening.
Get more analysis and data with our Premium subscription
Ask for a free trial here
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.