Oil Above $105/b as Middle East Tensions Support Energy Prices
Oil Above $105/b as Middle East Tensions Support Energy Prices May 11, 2026 Energy markets remain firmly supported as geopolitical tensions in the Middle East intensify, pushing oil…
NWE spot baseload power prices increased yesterday, to €138.172/MWh on average for today delivery (compared to €132.480/MWh for Thursday), supported by forecasts of lower wind generation (4053 MW for today in Germany, compared to 6240 MW yesterday), in a context of higher clean fuel costs.
EUA Dec’21 prices maintained their uptrend and closed at €62.75/t (+0.48% day-on-day), supported by the rise in the CO2 switching level between gas and coal.
Curve power prices followed the increase in clean fuel costs. German Cal 2022 baseload prices closed at €96.70/MWh yesterday, +3.09% compared to the previous session. French Cal 2022 baseload prices were up by 3.18%, closing at €100.45/MWh.
Like on clean fuel costs, the trend is strongly bullish for curve power prices, and only profit taking by financial participants and technical resistances (€96.45/MWh on German Cal 2022 baseload) seem able to calm the upward pressure.