EUAs fell alongside the fuels and oil markets

The power spot prices slightly faded in northwestern Europe yesterday amid forecasts of weaker demand, stronger solar generation and higher French nuclear availability, although the fading wind output might have limited the losses. The day-ahead prices hence reached 89.63€/MWh on average for today in Germany, France, Belgium and the Netherlands, -1.82€/MWh day-on-day.

The EUA Dec.21 contract fell to a month low of 50.50€/t on Tuesday, -1.91€/t from the day prior’s settlement, pressured by the falling fuels and oil markets and a weak morning auction. The bellwether contract however rebounded on its lower Bollinger Band at the end of the session, and with support from a late recovery of oil prices and the usual buying interest materialized around 50€/t managed to give back a slight part of its early losses to close at 51.21€/MWh, -1.20€/MWh day-on-day.

Driven down by the fading gas and carbon prices, the power prices posted heavy losses along the curve yesterday, which strongly weighed on both the clean dark and spark spreads.

EUA and oil prices
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

October 25, 2021

Mixed price evolution

European gas prices were mixed on Friday. Spot prices were slightly up, supported by below-normal temperatures. By contrast, curve prices were slightly down as the…
October 25, 2021

New Covid outbreak in China

While real estate is already expected to weigh negatively on the growth of the Chinese economy in Q4, a new wave of the variant delta epidemic is affecting 11…
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!