EnergyScan

EUAs hit new record on combination of bullish factors

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.

european-power-front
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
June 8, 2021

Wait and see

The market is already in a wait-and-see mode before the ECB meeting and, above all, the release of May US inflation figures on Thursday. The…
ES-oil
October 13, 2021

China’s energy crisis in focus

Crude prices remained supported, with ICE Brent futures above 83 $/b for the Dec-21 delivery. The energy crisis in China is likely to prompt further…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]