The European power spot prices rose near 100€/MWh on Thursday, driven up by the soaring gas and emissions prices and forecasts of dropping wind output. The day-ahead prices reached 96.34€/MWh on average in Germany, France, Belgium and the Netherlands, +7.66€/MWh day-on-day.
Meanwhile the EUA prices extended their all-time high to 58.64€/t amid support from the surging gas prices and leaked European new climate policy pointing to a tighter carbon allowance supply for the next decade.
As usual, the spiking gas and carbon markets pushed the power curve prices to new highs, with the largest and massive gains observed on the short-term contracts.
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