EUAs fell further on dropping fuels and supply concerns
- Power
- June 16, 2021
The European power spot prices continued to rise yesterday amid forecast of warming temperatures strengthening the demand for cooling and weak renewable production. Prices climbed by 4.29€/MWh in Germany, France, Belgium and the Netherlands to reach 86.83€/MWh on average.
The EUA dropped by 2.8% on Tuesday amid pressure from the falling gas and coal prices and lingering concerns over the looming increased supply induced by the previous day’s publication of higher-than-expected German free allocation plans.
Tracking the sharp retreat of fuels and emissions prices, the power prices posted heavy losses along the curve yesterday, with the short-term contracts extending the largest losses due the stronger fall of the underlying gas prices.
Share this news :
You might also read :
Macro & Oil Podcast #31 In this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier tells us about the Silicon Valley Bank…
March 14, 2023
Short-lived price spike in European energy markets
Gas & Power Podcast #30 In this week’s Gas & Power report, Julien Hoarau tells us about the short spike lives spike in prices of…
March 9, 2023
French strikes cause temporary decoupling in gas & power markets. Now back to normal?
Gas & Power Podcast #29 In this week’s Gas & Power report, Julien Hoarau talks about the consequences of the French general strikes on Tuesday…
Subscribe to our newsletter