NWE spot baseload power prices were up yesterday, to €112.274/MWh on average for today delivery (compared to €110.078/MW for Tuesday), supported by expectations of lower wind generation (4766 MW for today in Germany, compared to 11388 MW yesterday) and slightly higher clean fuel costs.
EUA Dec’21 prices closed at €60.76/t (stable day-on-day), still supported by the high level of the CO2 implied switching level in a context of weak auction supply.
Curve power prices were slightly up, mirroring the slight increase in clean fuel costs. German Cal 2022 baseload prices closed at €86.88/MWh yesterday, +0.43% compared to the previous session. French Cal 2022 baseload prices were up by 0.03%, closing at €89.65/MWh.
As on clean fuel costs, the price trend should remain bullish today. However, profit taking by financial participants and technical resistances (€88.21/MWh on German Cal 2022 baseload) could contribute to limit gains.
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.