EUAs tracked the sideways variations of the wider markets

The power spot prices remained stable in northwestern Europe yesterday amid forecasts of slightly warmer temperatures, stronger wind output and lower French nuclear availability. Prices reached 66.57€/MWh in Germany, France, Belgium and the Netherlands, -1.67€/MWh day-on-day.

The EUAs rose by 2.7% and above 53€/t at the market open on Tuesday, lifted by a combined sharp upward move of gas, oil and equities. After steadying for most of the session, the carbon prices however dropped at the end of the day alongside the three previously-mentioned markets but managed to close  0.71€/t above Monday’s settlement.

The rising fuels and emissions prices buoyed the power prices yesterday which posted hefty gains along the curve.