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.

eua-prices-equities
eua-and-oil-prices
Share this news :

You might also read :

ES-economy
June 15, 2021

Key US economic reports today

Equities and bond yields slightly up, USD slightly down. There are limited moves in the market ahead of Fed meeting. Cautious optimism prevails, i.e. the…
ES-oil
April 16, 2021

Chinese runs in March remained strong

ICE Brent prompt month reached 67.1 $/b on early Thursday, as the dollar continued to weaken and new data on the Chinese refining sector showed sustained…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]