Monetary tightening leads to a major banking crisis
Macro & Oil Podcast #31 In this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier tells us about the Silicon Valley Bank…
The European power spot prices slightly faded yesterday amid forecasts of stronger solar output, improved French nuclear availability and lower power consumption. The day-ahead prices hence reached 88.16€/MWh on average in Germany, France, Belgium and the Netherlands, -3.70€/MWh day-on-day.
The carbon prices continued to rise alongside the fuels markets on Thursday and climbed above 55€/t as the tight gas market provided further support by improving the coal and lignite power plants competitivity.
Meanwhile, the power curve prices continued to track the bullish rally of gas and emissions and rose to multi-year highs.
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