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

Power
April 1, 2021

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.

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

You might also read :

Towards a Fed rate hike in March

Optimism is fading: lockdown is spreading worldwide and the ECB comforts expectations that central banks cannot do much more

Waning energy complex

Simplifying energy markets