The power spot prices edged down in northwestern Europe yesterday, pressured by forecasts of better French nuclear availability and sharply rising wind output, despite higher clean fuels costs. The day-ahead prices hence reached 85.95€/MWh on average in Germany, France, Belgium and the Netherlands, -2.93€/MWh day-on-day.
The EUAs jumped by a hefty 2.31€/t (+4.5%) on Monday, lifted by the bullish rally of gas prices with an additional technical support when the Dec.21 contract broke above the 5-day moving average resistance as buyers appeared to have come back to the market after prices dropped just 50€/t on Friday.
The power prices observed a sharp increase as well along the curve as the market was buoyed by the surging gas and emissions prices.
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