Late retreat of emissions prices after hitting a new record

The power spot prices were once again mixed in north western Europe yesterday, down in France amid forecasts of weaker demand, but up in Germany, Belgium and the Netherlands where the prices reached 69.25€/MWh on average (+8.48€/MWh day-on-day) with support from the dropping wind output. Prices in France remained high at 80.66€/MWh (-2.96€/MWh dod) but still the ones in Italy (81.55€/MWh) and the U.K. (101.45£/MWh).

After a bearish opening as prices corrected from Monday’s upward move, the EUAs rose throughout the day and hit a new record high of 44.69€/t, before fading back below 44€/t at the end of the session as profit taking drove the prices down.

Most power curve prices extended gains yesterday, lifted by the intraday bullish trend of emissions. The French long-term prices however edged down, likely pressured by the late retreat of emissions and weaker underlying gas prices.

eua-prices-and-equities
Share this news :

You might also read :

ES-oil
July 12, 2021

broad-based inventory declines

Last week’s crude oil price decline was likely caused by a broad selloff in Brent and WTI futures, as total open interest declined significantly. Looking…
ES-oil
January 7, 2022

Kazakh crude exports at risk

Crude prices soared past 82 $/b yesterday for the March ICE Brent contract, with March/April time spreads rallying strongly to 70 cents, as the political…
ES-gas
March 22, 2021

European prices extended losses

European gas prices continued to weaken overall on Friday, still pressured by the expected rise in temperatures this week. The drop in Asia JKM prices…
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]