EnergyScan

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
July 21, 2021

European prices weakened

European gas prices weakened yesterday, pressured by rumors of an imminent US-German agreement on Nord Stream 2 and profit taking. The drop in parity prices…
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!

[booked-calendar]