The electricity price decreased slightly WoW thanks to lower CO2, warmer weather outlook and windy weather, which kept SPOT price below 200 EUR/MWh. Mild and windy weather should persist in Germany over next four weeks, which should keep renewables generation high and consumption lower.
Czech Republic & Slovak
In beginning of this week power prices grew, especially in far curve market, following EDF announcement about production plan cuts for 2022 and 2023. Towards the end of this week, prices eased following CO2 price decline and milder weather outlook towards the end of this winter.
Czech Republic & Slovak
Gas market experienced mixed trend this week where price decreased quite significantly on Tuesday, but since then started to grow again. The weather in Europe should be close to average in February. Some risks are related to LNG imports from USA can be affected by cold weather in gas exporting states.
Czech Republic & Slovak
The electricity price grew quite significantly, especially Front Quarter, which especially followed gas market. Bullish remaining energy mix also supported the power market. The price also reacts to geopolitical tension on Ukrainian/Russian borders.
Czech Republic & Slovak
Front Month (Feb 22) product decreased quite significantly WoW, probably as reaction to updated weather forecast, which predicts temperatures near normal thus higher than previous forecast. Price risks are connected especially to gas market where weather and gas supply risks are the most significant.
Czech Republic & Slovak
Gas market experienced significant price decline since pre-Christmas period, especially in near curve market. This is thanks to abundant LNG imports into the continent as well as stable Norway flows. The electricity price grew mainly as reaction to news about EDF´s cut of its 2022 nuclear production target by almost 10%.
Czech Republic & Slovak