Strengthened oil and coal markets, along with very bullish sentiment on financial markets, pushed electricity (and CO2) prices up. Near-curve market trades are already above 21,00 EUR/MWh. They are primarily affected by the latest revision of the weather forecast towards the end of April and the beginning of May.
Czech Republic & Slovak
End users with exposure to natural gas prices for the next few years need to practice diligent and prudent risk management. With exceptional value currently seen in the deferred years, end-users need to be FORWARD thinking to manage their long-term risk exposure to the natural gas market.
United States
Markets opened markedly higher than they had been. The recent cold snap triggered a price hike earlier this week on natural gas, before seeing a gradual decrease. The oil market remains on-edge.
France
Electricity, gas, and coal prices fell, CO2 and oil rose slightly. Resuming trade routes in the Suez and changes in weather have been major contributing factors in the market over the last week.
Germany
Spot power prices rallied substantially last week as below seasonal-average temperatures and low renewable generation underpinned a bullish, short-run market dynamic. Carbon EUAs rose to a new record price in midweek.
United Kingdom
Carbon EUAs jumped early last week, amid a wave of compliance buying and bullish spill-over from financial markets and, despite falling day-on-day throughout the remainder of the week, prices notched a 3% gain for the week. European LNG imports continued to rise last week, climbing 13% Friday-to-Friday.
Europe