The European power spot prices for today reached a level close to Friday as the market was torn between expectations of a demand strengthened by the lingering below-normal temperatures and forecasts of slightly higher wind, solar and nuclear output. The day-ahead prices averaged 71.99€/MWh in Germany, France, Belgium and the Netherlands, +0.18€/MWh from Friday.
The never-ending speculative rally of emissions prices lifted the EUAs further up to a record of 56.90€/t on Friday, driven by the stronger gas prices, sharply rising equities and lack of auction supply. In other, news, EnergyScan published a report on the 2020 EU ETS verified emissions and recent TNAC publication, available here.
The bullish gas and carbon markets buoyed the power future prices which posted hefty gains along the curve over the last session of the week.
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