EnergyScan

EUAs climbed to new record amid bullish energy and financial markets

The power spot prices for today in north western Europe were strongly supported by the forecasts of weak French nuclear availability and solar production, and of a wind shortage. Prices reached 76.17€/MWh on average in France, Germany, Belgium and the Netherlands, +11.87€/MWh from Friday and +10.83€/MWh week-on-week.

EUAs opened strong and hit a fresh record high of 44.90€/t on Friday morning, buoyed by the overall stronger energy complex, forecasts of cold weather for the upcoming weeks and the soaring equities, before slightly retreating over the afternoon.

Lifted by the sharp rise of the gas and carbon prices, the power prices posted hefty gains along the curve on Friday, with the short-term contracts receiving additional support from the forecasts of cold temperatures for the remaining of April and early-May.

EUAs-climbed-to-new-record-amid-bullish-energy-and-financial-markets
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