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EUA eroded recent gains despite rising energy complex – EnergyScan

EUA eroded recent gains despite rising energy complex

The European power spot prices rose near 250€/MWh for today, supported by forecasts of a wind shortage, strong demand and weak hydro generation. The day-ahead prices averaged 244.98€/MWh in France, Germany, Belgium and the Netherlands, +60.97€/MWh from Friday.

Possibly driven down by the falling equities, the carbon prices faded on Friday despite a decent result of the morning auction and gas prices rising on increased concerns over the Ukraine situation. With the emissions market observing once again a lack of clear direction and low liquidity, the EUA Dec.22 contract eventually settled at 84.47€/t, – 1.12€/t week-on-week but still notching a 2.91% gain from the previous week. Prices are rebounding this morning, buoyed by the sharply rising prices.

The power forward prices tracked the firmer gas ones and posted gains along the curve over the last session of the week.

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