EUAs slightly retreated amid profit taking and weaker energy complex

Most power spot prices continued to rise in north western Europe yesterday amid cold (although rising) temperatures and weakening wind production. The spot prices reached 59.45€/MWh on average in Germany, Belgium and the Netherlands, +5.14€/MWh day-on-day, and 71.51€/MWh in France, -3.75€/MWh from the day prior due to the higher nuclear availability expected today.

EUAs slightly corrected on Wednesday amid profit taking following Tuesday’s surge and weaker gas, oil and European equity prices.

Driven down by the sliding underlying gas and carbon prices, the power curve prices faded as well yesterday, albeit the losses remained moderate.

Share this news :

You might also read :

January 22, 2021

EUAs climbed back above 34€/t

Forecasts of colder temperatures and dropping wind output supported the European power spot prices yesterday which presented a hefty 10.37€/MWh gain from the day prior…
June 23, 2022

Moderate price increase overall

European gas prices were mixed yesterday: lower in the UK, higher overall on the continent as concerns on Russian supply continued to lend support. Russian…
November 29, 2021

Omicron storms the markets

A wave of panic swept through the financial markets on Friday in a context of low liquidity. The announcement of the emergence of a new variant,…
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?