EnergyScan

EUAs sharply rose after a technical issue halted and cancelled early trades on the ICE

The European power spot prices edged down yesterday as the forecasts of stronger solar production offset the expectations of slightly higher power demand and weaker wind output. Prices reached 76.62€/MWh on average in Germany, France, Belgium and the Netherlands, -0.73€/MWh day-on-day.

Monday morning was marked by a technical issue induced by the ICE moving the EUA and EUAA trading from London to ICE Endex in Amsterdam, which suspended all carbon allowances exchange on the market place shortly after the session’s start and until 11:10am CEST. Once the activity resumed, the EUA dec.21 restarted the day at quite low level around 49.30€/t but sharply rose back afterward in a very bullish session, climbing near 52€/t with support from the fuel complex and stronger financial markets.

Driven up by the significant increase of gas and carbon prices, the power prices posted hefty gains along the curve over the first session of the week.

EUAs sharply rose after a technical issue halted and cancelled early trades on the ICE
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