The power spot prices were mixed in north western Europe yesterday, the 5 to 6°C below normal temperatures supporting the prices in France and Belgium while the forecasts of stronger wind output slightly pressured the German and Netherlands prices. Decoupled, the day-ahead contracts ranged from 54.15€/MWh in the Netherlands to 83.62€/MWh in France and up to 104.86£/MWh in the U.K.
The EUA prices climbed to a fresh intraday record of 44.62€/t yesterday, driven up by the cold temperatures, weak renewable generation, late compliance buying, a strong auction result and bullish gas prices which offset the neutral to bearish financial markets.
Lifted by the bullish gas and carbon markets, the power prices posted hefty gains along the curve over the first session of the week, with the largest observed on the short-term contracts.
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