Weekly power prices fall, while futures grow on track with CO2 market trends. The bullishness of the natural gas futures market continues, due to the ongoing cold weather. Encouraging signs of economic recovery in the United States and China led to higher Brent prices last week.
France
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
In summer-like weather conditions, the electricity market followed a slightly upward trend. Gas prices for 2022 and 2023 stayed stable while the average weekly price rose. Following an IEA report, and Joe Biden's infrastructure plan, the oil market increased last week.
France
The resurgence of the pandemic in recent days is an unfavorable sign for the recovery of the worldwide economy. Market pessimism persisted from last week in view of the deteriorating public health situation. The Suez Canal situation continues to affect energy prices in Europe.
France
CO2 hit a new all-time record price which led to an increase in electricity pricing over the last week. Natural gas prices rose in anticipation of a gradual phasing out of coal. Confinement measures and vaccine uncertainty weigh on oil prices.
France
The drop in temperatures recorded last week led to the use of gas and coal-fired power plants, increasing the price of these commodities. Weekly LNG average prices have increased slightly, and the rise in Brent price continues.
France