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
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