EnergyScan

EUAs posted losses on heavy auction supply

Except in Germany where prices posted slightly stronger losses on forecasts of higher wind output, the European power day-ahead prices remained mostly unchanged yesterday. Less coupled than the previous days, the prices reached 66.57€/MWh on average in Germany, France, Belgium and the Netherlands, -0.31€/MWh day-on-day with the German prices eroding 4.72€/MWh from the previous day.

The second U.K. auction held yesterday applied a bearish pressure on the EUA prices which fell by 1.01€/t (-1.9%) as the British utilities continued to sell their EUA hedges to buy UKAs. Meanwhile, the ICE’s Commitment of Traders data showed that the financial players of the carbon markets continued to reduce their long position last week.

The power prices extended hefty losses along the curve yesterday, tracking the bearish gas and emissions markets.

eua prices
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

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]