The European power prices climbed above the clean coal costs for today, lifted by forecasts of below normal temperatures strengthening the power demand and limited wind and solar generation. Prices reached 65.33€/MWh on average in Germany, France, Belgium and the Netherlands, +3.80€/MWh from Friday.
The EUAs traded rangebound on Friday with rather thin exchanged volumes, torn between fading gas prices and stronger equities to eventually settle nearly flat from Thursday.
The power curve prices were mixed over the last session of the week, with the short-term contracts posting gains on an downward revision of temperatures forecasts while the back end of the curve tracked the lower underlying gas prices.
Get more analysis and data with our Premium subscription
Ask for a free trial here