EUA prices at all-time high

NWE spot baseload power prices were up last Friday, to €107.720/MWh on average for today delivery (compared to €96.053/MW for Friday), supported by expectations of lower wind generation and higher clean fuel costs.

EUA Dec’21 prices maintained their uptrend, rising to a new all-time high of €59.95/t and finally closing at €59.00/t (+3.76% day-on-day), supported by the increase in the CO2 implied switching level in a context of weak auction supply.

Curve power prices were up, mirroring the increase in gas, coal and EUA prices. German Cal 2022 baseload prices closed at €84.24/MWh on Friday, +1.18% compared to the previous session. French Cal 2022 baseload prices were up by 1.75%, closing at €87.00/MWh.

Like clean fuel costs, curve prices could continue to increase today. But profit taking by financial participants and technical resistances (€85.65/MWh on German Cal 2022 baseload) could contribute to limit gains.

EnergyScan - Power market news
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

October 25, 2021

Mixed price evolution

European gas prices were mixed on Friday. Spot prices were slightly up, supported by below-normal temperatures. By contrast, curve prices were slightly down as the…
October 25, 2021

New Covid outbreak in China

While real estate is already expected to weigh negatively on the growth of the Chinese economy in Q4, a new wave of the variant delta epidemic is affecting 11…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!