Electricity prices fall significantly over poor economic outlook, gas prices fall due to low LNG deliveries, CO2 fell significantly due to mild temperatures, oil prices fall after production cut, and coal prices lost compared to the previous week.
Germany
Cold and calm weather underpinned the early-January rally, LNG imports into major EU terminals slumped to their lowest since September 2018. Mild and windy weather forecasts are set to return power demand to expected levels.
Europe
Bullish energy market, underpinned by cold weather, reverses sharply. The U.K. front month gas contract reaches its highest level since 2008. Carbon’s sharpest weekly price drop since March 2020; Brent closes lower week-on-week.
United Kingdom
The new year started with cold and dry weather. With a market that had been under a lot of pressure during 2020, it did not need much to change it to a more bullish outlook.
Sweden
After price spikes general energy mix is experiencing a correction, CO2 down among market volatility, Brent price grew but points toward a downward trend. Weather + Asian LNG demand will be large drivers for the coming days and weeks.
Czech Republic
Electricity, gas, CO2, and oil rise due to colder temperatures, LNG deliveries to Europe, and increasing energy complex. Coal remains stable with a tendency to rise as new coal-fired power plants are put to use over their more expensive gas-fired counterparts.
Germany