Electricity future pricing hit another record high this month. Driven by CO2 European prices, low windiness, and directing energy generation toward fossil fuels, which are also hitting their pricing peaks. Russia continues pumping gas to Europe at limited pace, strong demand for gas from Asia limits deliveries to Europe.
Poland
Prices continued their dizzying rise. Natural gas and coal prices have hit record levels, dragging in their wake those of electricity. Carbon experienced an upward trend, rising by 3%. Hurricane Ida left its mark as U.S. production recovered only slowly, forcing reliance on strategic reserves of fuel.
France
The month of August is marked by the accelerating rise in electricity prices. The combined increases in the price of CO2, which is also breaking records, gas and coal explains this situation. Gas continues to rise uncontrollably. Unlike other commodities, the price of oil has decreased during most of August.
France
After an easing of prices in the first weeks of the month, stock market values surged in the last days of July. Market players anticipate a recovery in activity and an increase in demand for oil and natural gas, both of which influence electricity prices.
France
European CO2 pricing and weather supported record high future power prices for 2022. Natural gas followed with low reserves and Russia's strategy to hold their supply as major contributing factors.
Poland
During the month of June, rising demand, industrial action at EDF and carbon prices have led to a bullish electricity market. On a monthly average, carbon prices increased by 9%. The gas market remains bullish due to maintenance in the North Sea, low storage, limited Russian deliveries, strong Asian demand for LNG. The price of oil continues to rise, supported by global demand.
France