EUAs took a breath from their rally on the last session of the week

The European power spot prices for today are slightly lower than Friday’s, torn between an upward revision of temperature forecasts, expectations of improving French nuclear availability and weaker wind output prospects. Very close compared to the large discrepancies observed last week, the prices averaged 60.24€/MWh, -2.70€/MWh from Friday.

The EUA prices took a breath from their sharp bullish rally on Friday, fading throughout the day amid pressure from the retreating gas and equity prices before a late rebound of the financial markets managed to push the carbon prices back up near Thursday’s settlement.

Driven down by the plunging underlying gas prices and retreating emissions, the power prices posted quite hefty losses over the last session of the week, with the largest extended by the short-term contracts