Late rebound of carbon prices on rising U.S. equities

  • Power

The power spot prices in NWE fell below the clean gas costs yesterday, pressured by forecasts of weaker demand and surging wind output. Prices reached 51.92€/MWh in Germany, France, Belgium and the Netherlands, -5.22€/MWh day-on-day.

After a downward correction midday induced by a weak auction result and dropping oil prices, the EUAs rebounded in the afternoon, lifted by sharp gains in the US equities.

The power prices tracked the higher underlying gas and carbon prices and posted moderate gains along the curve on Wednesday.

EUA-prices-equities
Share this news :

You might also read :

EnergyScan, webinar, ENGIE, ENGIE Gems, Macro, Oil, Gas, Power, Carbon
January 29, 2020

2020 Energy Markets Outlook

The EnergyScan team held its quarterly webinar covering key trends and events on energy markets. In this webinar, our experts addressed the following topics, with…
ES-oil
April 20, 2021

Back in backwardation ?

Crude prices continued to be lifted by a declining US dollar, while the Libyan national oil company declared force majeure on its Hariga port due to budget…
ES-gas
May 14, 2021

Mixed evolution in European prices

European gas prices were mixed yesterday. Spot prices were up overall, still supported by below-normal temperatures and weak pipeline supply. Indeed, due to a combination…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]