EUAs hit a new record before retreating amid a late fall of equities

The power spot prices remained quite stable in north western Europe yesterday amid forecasts of steady demand, nuclear availability and renewable production. Prices reached 76.30€/MWh on average, +0.14€/MWh day-on-day and ranging from 72.80€/MWh in the Netherlands to 81.14€/MWh in France.

EUAs climbed to a new record high of 44.95€/t yesterday morning in another attempt to break above the psychological 45€/t level, but started to fade after a rather weak auction and dropped at the end of the sessions amid strong pressure from a late fall of equities.

The bullish gas markets and early upward move of emissions buoyed the power prices on Monday which posted moderate gains along the curve.

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November 27, 2023


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