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.
Get more analysis and data with our Premium subscription
Ask for a free trial here
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.