Curve power prices up on higher clean fuel costs

NWE spot baseload power prices weakened slightly yesterday, to €88.545/MWh on average for today delivery (compared to €92.695/MWh /MWh for Monday), as the impact of lower wind generation was outpaced by weaker demand.

EUA Dec’21 prices continued their rebound, closing at €55.34/t (+1.77 day-on-day).

Curve power prices were up, mirroring the rise in gas, coal and EUA prices. German Cal 2022 baseload prices closed at €81.00/MWh, +2.18% compared to the previous session. French Cal 2022 baseload prices were up by 1.84%, closing at €83.14/MWh.

Like clean fuel costs, curve power prices could tempt to continue to rebound today. However, technical resistances (€81.98/MWh on German Cal 2022 baseload) could here also limit the upside potential.

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