The power spot prices plunged in northwestern Europe yesterday on forecasts of surging wind output. Prices reached 29.35€/MWh on average in Germany, France, Belgium and the Netherlands, -38.67€/MWh day-on-day.
The EUA prices sharply rebounded and eroded most of Wednesday’s losses with heavy exchanged volumes yesterday as the carbon prices falling below 50€/t boosted the buying interest of dip buyers and traders keeping their bullish long-term outlook, while the surging gas and financial markets provided additional support.
The reversal of the gas and carbon market was also reflected in the power futures, the power prices posting heavy gains along the curve.
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