EnergyScan

EUAs extended slight gains amid higher fuels prices and limited market activity

The power spot prices slightly rose yesterday in northwestern Europe, buoyed by the rising power demand, weak solar generation and higher gas prices, but limited by forecasts of increased wind production. The day-ahead prices hence averaged 183.09€/MWh in Germany, France, Belgium and the Netherlands, +4.14€/MWh day-on-day.

The EUA extended modest gains over the first session of the week as the fuels prices found support in the below-average temperatures expected in the upcoming days. The EUA Dec.21 benchmark contract climbed above 60€/t late in the morning, but progressively faded back throughout the remainder of the day to eventually close at 59.15€/t, +0.82€/t from Friday’s settlement.

The power curve prices mirrored the gas market evolution and observed similar mixed variation, the short-term posting slight losses while further on the curve contracts were seen higher.

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

You might also read :

ES-gas
July 1, 2022

Prices maintain their bullish trend

European gas prices were up overall yesterday, still supported by uncertainties on Russian supply and LNG flows (following the shutdown of the US Freeport LNG…
ES-economy
July 1, 2022

Equity markets down 20-30% in H1

For the first time since the beginning of the year, US consumer spending contracted in real terms (deflated for inflation) in May, amplifying recession fears and the downward…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

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

[booked-calendar]