The power spot prices slightly increased yesterday, supported by expectations of higher demand which offset the forecasts of improved French nuclear availability. The day-ahead prices averaged 159.74€/MWh in Germany, France, Belgium and the Netherlands, +7.49€/MWh day-on-day.
The EUAs rebounded from Friday’s late retreat on Monday morning, buoyed by stronger energy prices and increased buying interest with the beginning of the new quarter. The emissions prices hovered around 64€/t in the afternoon after the upper Bollinger band capped their early bullish run, and with a slightly stronger volatility at the end of the session the EUA Dec.21 contract eventually settled at 63.40€/t, +1.36€/t day-on-day.
Lifted by the surging gas and carbon markets, the power prices posted massive gains along the curve throughout the first session of the week, with the German Cal22 rising to a record 144.46€/MWh, +11.44€/MWh from Friday.
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