Power prices posted moderate gains on slightly stronger underlying gas prices and steady EUAs

The power spot prices continued to drop in north western Europe yesterday amid weakening power demand and sharply rising wind output. Prices reached fell by 10.66€/MWh to 41.25€/MWh on average in Germany, France, Belgium and the Netherlands.

The EUA prices traded rangebound on Thursday with thin exchanged volume ahead of the Easter holiday weekend as the market unsurprisingly did not react to the 2020 emissions preliminary data publication.

Driven up by stronger gas prices and a midday rebound of emissions, the power prices posted slight gains along the curve yesterday.