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.

Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

November 24, 2021

Busy day before Thanksgiving in the US

Markets are hesitant: US bond yields eased after approaching their recent highs yesterday. The 10-year bond touched 1.68%. The economic indicators continue to show a…
June 10, 2021

Curve prices extended gains

European spot gas prices were up again overall yesterday, supported by an additional tightness on supply. Indeed, Norwegian flows dropped significantly yesterday to 150 mm…
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?  Sign up here!