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Most power spot prices continued to rise in north western Europe yesterday amid cold (although rising) temperatures and weakening wind production. The spot prices reached 59.45€/MWh on average in Germany, Belgium and the Netherlands, +5.14€/MWh day-on-day, and 71.51€/MWh in France, -3.75€/MWh from the day prior due to the higher nuclear availability expected today.
EUAs slightly corrected on Wednesday amid profit taking following Tuesday’s surge and weaker gas, oil and European equity prices.
Driven down by the sliding underlying gas and carbon prices, the power curve prices faded as well yesterday, albeit the losses remained moderate.
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