European power prices gain on gas supply concerns

The power spot prices dropped in northwestern European yesterday amid forecasts of surging wind output , stronger solar generation and improved French nuclear availability for today.

RELATED POSTS

Spain’s unprecedented power outage demonstrates energy system fragility

1 month ago

The growing complexity of natural gas markets

2 months ago

TTF seasonal spreads finally return into positive territory

2 months ago

The day-ahead prices hence reached 76.98€/MWh in Germany, France, Belgium and the Netherlands, -16.49€/MWh day-on-day.

The European carbon prices jumped by nearly 1€/t and above 58€/t in the first hour of trading on Monday, buoyed by spiking gas prices amid supply concerns for this winter which further increased the profitability of the more emitting coal power plants.

The EUA Dec.21 contract however slightly eased throughout the remainder of the day with thin exchanged volumes and eventually settled at 57.87€/t, +0.52€/t from Friday’s close.

Meanwhile, the power prices tracked the sharp early sharp upward move of the underlying gas and emissions contracts and posted rather hefty gains along the curve.

Source: Engie Energy Scan

Follow on Twitter:

[tfws username=”Energyscan_egm” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]