Power prices slightly rose on bullish underlying gas prices

The European power spot prices remained stable yesterday amid forecasts of mostly unchanged renewable production and power demand. Prices reached 77.86€/MWh in Germany, France, Belgium and the Netherlands, -0.69€/MWh day-on-day.

The EUAs traded rangebound just above 53.20€/t for most of the day on Thursday, but managed to post slight gains at the end of the session before settling at 53.78€/t, +0.27€/t day-on-day.

Lifted by the rising underlying gas prices, the power prices extended moderate gains along the curve yesterday.