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

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.