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Power and carbon prices rose alongside the gas market – EnergyScan

Power and carbon prices rose alongside the gas market

The power spot prices edged down in northwestern Europe yesterday, pressured by forecasts of better French nuclear availability and sharply rising wind output, despite higher clean fuels costs. The day-ahead prices hence reached 85.95€/MWh on average in Germany, France, Belgium and the Netherlands, -2.93€/MWh day-on-day.

The EUAs jumped by a hefty 2.31€/t (+4.5%) on Monday, lifted by the bullish rally of gas prices with an additional technical support when the Dec.21 contract broke above the 5-day moving average resistance as buyers appeared to have come back to the market after prices dropped just 50€/t on Friday.

The power prices observed a sharp increase as well along the curve as the market was buoyed by the surging gas and emissions prices.

European power front year and carbon prices
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