Strong clean fuels push European power prices higher

Strong gains in clean fuel costs pushed European power prices higher on the curve on Tuesday. Gazprom’s decision not to book additional transport capacity through Ukraine for June was the main bullish driver for European gas prices yesterday. EUA prices trended higher despite¬†divergences among the European council over the economic impact of the EU ETS on countries still relying on coal-fired power plants, notably in Eastern Europe.

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