Late rebound of emissions prices push them back above 41€/t

The European power spot prices remained rather stable yesterday, slightly up in Germany, Belgium and the Netherlands on forecasts of lower wind production while French prices edged down amid expectations of better nuclear availability and stronger hydro generation. Prices reached 58.01€/MWh on average in the four countries, +0.93€/MWh day-on-day.

After a bearish morning, the EUA prices found some support around 40.80€/t and sharply rebounded at the end of the session, eroding all their early losses as they tracked a short-lived upward move of US equities. (more details in the “Prices” section).

The power curve prices were mixed on Wednesday, the short-term contracts being support by the stronger underlying gas prices while the early losses of emissions pressured the back end of the curve despite a late recovery.

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March 25, 2022

EUA clawed back losses amid low liquidity

The European power spot prices inched up yesterday as the expectations of lower French nuclear availability offset the forecasts of stronger wind output and weaker…
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