EUAs faded further amid weaker energy prices

The European power spot prices steadied yesterday, torn between forecasts of lower wind generation and weaker demand. The prices hence averaged 61.53€/MWh in Germany, France, Belgium and the Netherlands, -0.94€/MWh day-on-day.

Ignoring for once the bullish signals from the financial markets, the EUAs extended their retreat on Thursday, likely pressured by the weaker energy complex and further profit taking from Tuesday’s surge. The 5-day moving average however acted once again as a strong technical support and capped the losses.

Driven down by the fading emissions and underlying gas prices, the power prices posted moderate losses along the curve yesterday.

european-power-front
Share this news :

You might also read :

ES-gas
June 16, 2021

Prices down on the spot and the curve

European spot gas prices continued their up and down movements yesterday, dropping after the rise of the previous session. On the pipeline supply side, Norwegian…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]