EnergyScan

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

eua-prices-equities
eua-and-oil-prices
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
May 24, 2021

Cyclone premium

ICE Brent prompt contract recovered to 67.1 $/b on early Monday, as a potential cyclone formation in the Gulf coast could have an impact on…
ES-power
February 24, 2021

EUAs traded rangebound amid mixed drivers

The power spot prices dropped further in north western Europe yesterday amid forecasts of milder temperatures and stronger wind production. Prices fell by 8.49€/MWh to…
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]