Curve prices up on higher clean fuel costs

NWE spot baseload power prices were slightly up yesterday, to €96.053/MWh on average for today delivery (compared to €93.285/MW for Thursday), supported by expectations of lower renewable generation.

EUA Dec’21 prices resumed their uptrend, closing at €56.86/t (+0.57% day-on-day), supported by the increase in the CO2 implied switching level.

Curve power prices were up, mirroring the increase in gas, coal and EUA prices. German Cal 2022 baseload prices closed at €83.26/MWh yesterday, +0.84% compared to the previous session. French Cal 2022 baseload prices were up by 0.38%, closing at €85.50/MWh.

Like clean fuel costs, curve prices could weaken today on profit taking by financial participants. However, technical supports (€82.63/MWh on German Cal 2022 baseload) could contribute to limit losses.

EnergyScan - Power market news
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