Gas & Power Report: A challenging gas injection period and a fragmented electricity market: a mixed bag for European energy hubs
Gas & Power Report: A challenging gas injection period and a fragmented electricity market: a mixed bag for European energy hubs June, 10 2025 Gas…
The power spot prices faded in northwestern Europe yesterday, driven down by forecasts of stronger wind output despite the colder temperatures. The day-ahead prices averaged 220.84€/MWh in Germany, France, Belgium and the Netherlands, -26.83€/MWh day-on-day.
The EUAs pursued their sharp ascend and climbed above 75€/t to another fresh record on Thursday, lifted by continuous buying from financial players and hedging from call options sellers. The EUA Dec.21 closed the day at 74.46€/t, +1.55€/t from Wednesday’s settlement. With the 75€/t target now reached, the emissions prices are strongly correcting this morning and already fell as low as 70.37€/t with possibly some additional pressure from the sharply dropping oil and equity prices on rising concerns over the new South-African covid variant.
The power forward prices edged up yesterday, posting gains in the morning but giving most of them back throughout the remainder of the day. The power market is also strongly retreating this morning, likely tracking the falling gas and carbon prices.