rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/befikry/energyscan.befikry.com/wp-includes/functions.php on line 6121
The European power spot prices continued to fade yesterday amid forecasts of milder and windier weather. Prices hence eroded 5.05€/MWh to 38.89€/MWh in France, Germany, Belgium and the Netherlands while clean gas costs lingering 3.13€/MWh above the clean coal costs at 53.83€/MWh.
The French power consumption eased by 4.02GW to 69.53GW on average as temperatures pursued their rise. The nuclear generation however slightly improved to 48.45GW, +0.44GW day-on-day. The German wind production continued to surge at 36.89GW (+3.78GW dod) and should reach nearly 40GW on average today before starting drop from tomorrow.
EUAs mirrored the gas market evolution on Wednesday with an early jump also supported by the bullish equities pushing carbon prices up to 33.70€/t at the market open, before fading back throughout the remaining of the day, pressured by a similar weakness in gas prices and eventually settle below 33€/t at 32.91€/t, -0.18€/t from Tuesday.
Meanwhile, the last Commitment of Traders report showed that last week’s carbon prices correction was mainly induced by investment funds (mostly speculators) cutting their net long positions.
The power curve prices were mixed on Wednesday, the near-term contracts extended losses to reflect the weaker underlying fuels contracts while further on the curve prices posted slight gains supported by the early rise of the gas and carbon markets.
Get more analysis and data with our Premium subscription
Ask for a free trial here