The European power spot prices edged up yesterday as the forecasts of weaker production were partly offset by the expectations of stronger solar and nuclear production. The day-ahead prices for today hence reached 91.44€/MWh on average in Germany, France, Belgium and the Netherlands, +1.08€/MWh day-on-day.
The carbon prices observed another volatile session on Monday, climbing by 1.08€/t (+2.0%) in the morning with support from a very strong opening of the gas market, before steadily falling back in the afternoon to settle with a 48-cent daily loss (-0.9%) at 52.41€/t as the market was driven down by the dropping oil and financial markets and the slowly retreating gas prices amid increasing concerns on the worryingly rising covid infection rate across the world.
For once, the power prices made their own way yesterday with most contracts posting moderate gains, although the calendar contracts still reflected the late retreat of the gas and carbon prices.
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