European prices rebounded
Prices rebounded yesterday in most European gas markets, supported by higher heating demand due to below-normal temperatures and lower pipeline supply. Indeed, due to maintenance…
The European power spot prices edged up amid forecasts of a wind shortage for today, although limited by the way above average temperatures. Prices reached 57.14€/MWh on average in Germany, France, Belgium and the Netherlands, +2.11€/MWh day-on-day.
Despite a bearish opening, the EUA prices rebounded on Tuesday morning, supported by early gains in the European financial market and a strong result from the auction, before steadying around 42.20€/t in the afternoon.
The power prices took directions from the bullish gas and carbon markets and posted moderate gains along the curve yesterday.
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