As expected, the power spot prices in NWE rose yesterday and climbed above the clean gas and coal costs amid support from forecasts of dropping wind and solar generation and stronger power demand. The day-ahead prices reached 83.96€/MWh on average in Germany, France, Belgium and the Netherlands.
The bullish gas market drove the carbon prices further up on Monday, with market participants awaiting and bracing for volatility ahead of the quarterly options for the EUA Dec.21 contract expiring tomorrow.
As usual, the power forward market reflected the upward move of the fuels and emissions, although a late gas-induced correction reduced the power prices’ gains at the end of the day.
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