EU Energy Pricing Trends - 27 Nov. 2020
Promising vaccine results support European power contracts, an extended cold snap across Northwest Europe, carbon EUAs extended recent gains last week; posting a fourth consecutive weekly jump.
EuropePromising vaccine results support European power contracts, an extended cold snap across Northwest Europe, carbon EUAs extended recent gains last week; posting a fourth consecutive weekly jump.
EuropeAnnounced easing of national lockdown measures lift U.K. power benchmarks, gas contracts across the curve, with EUAs reaching a fresh two-month high on Friday.
United KingdomDuring the last week energy prices in the Iberian market raised in general due to market expectations created by successfully tested coronavirus vaccines and resulting optimism in the financial markets.
IberiaThe Average price of CAL 21 was 42,96 €/MWh, an increase of 0,03 €/MWh in comparison with last week. CAL 21 pricing decreased by 0,44 €/MWh in relation to the previous week, and more.
FranceRecord-low Nordic prices, amid mild and wet weather, net LNG imports into northwest Europe total 2.9 million cubic meters, COVID-19 vaccine progress continues to improve the oil demand outlook.
EuropeBullish power market headwinds, higher winter gas demand, oil rises to its highest in nearly three months this week - all fueled by the salience of several effective coronavirus vaccines.
United Kingdom