EUAs rebounded tracking the bullish oil and financial markets

The north western European power spot prices for today are down compared to Friday, pressured by forecasts of strong wind output and above average temperatures. Prices reached 41.00€/MWh on average in Germany, France, Belgium and the Netherlands, -10.04€/MWh from Friday and -19.54€/MWh week-on-week.

The EUA prices sharply rebounded and eroded all Thursday’s retracement over the last session of the week, lifted by the dip buyers attracted by the lower prices and by a strong upward move in the oil and financial markets likely supported by the Suez canal situation.

Driven up by the higher gas and emissions prices, the power prices posted hefty gains along the curve on Friday with the largest on the front curve due to the stronger rise of the underlying gas contracts.

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