Downward correction at European power hubs

Power
May 28, 2021

Falling EUA and fuel prices dragged European power prices sharply down on the curve on Thursday on the back of an upward revision in temperature forecasts for early June. EUA Dec 21 prices slumped by almost 2 euros close-to-close, moving back below their 20-day moving average in what looks like a technical correction after several consecutive days of bullishness without any clear driver.

Share this news :

You might also read :

September 24, 2024

Macro & Oil Report : Lower interest rates for better or worse?

Macro & Oil Report: Lower interest rates for better or worse? Macro & Oil #121 Rates fall sharply in the US, but caution in the…

September 17, 2024

Macro & Oil Report : Waiting for the fed

Macro & Oil Report: Waiting for the Fed Macro & Oil #120 The Fed is about to embark on its monetary easing cycle. That’s the…

September 10, 2024

Macro & Oil Report : Markets on a knife edge

Macro & Oil Report: Markets on a knife edge Macro & Oil #119 In the latest EnergyScan podcast, Olivier Gasnier tells us that the sharp…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter