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.
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