EUAs rebounded after testing the psychological 40€/t level

The forecasts of surging wind output, stronger hydro generation and weaker demand weighed on the power spot prices in north western Europe on Thursday. Prices dropped by 6.98€/MWh to 580.1€/MWh on average in Germany, France, Belgium and the Netherlands.

EUAs faded throughout Thursday amid pressure from the falling oil prices, a drop mid-day of European equities and strengthening concerns over the rising number of new Covid cases across Europe, but managed to rebound at the end of the session after sliding below 40€/t.

If most of the power curve contracts faded yesterday tracking the losses of the gas and carbon markets, the French, Spanish and Belgian April contracts managed to post some gains

Share this news :

You might also read :

July 26, 2021

Late recovery of carbon prices

The power spot prices for today rose to levels similar to Friday amid forecasts of mixed fundamentals with a weaker renewable generation expected to be…
October 11, 2021

Electric spillovers

Futures crude markets continued to rise on early Monday, with WTI crude prompt prices nearing 81 $/b at the prompt while ICE Brent futures climbed…
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?