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
In May the electricity future pricing for 2022 hit another record high. The main driver is still CO2 European pricing reaching another all-time high. The Turow mine has remained operational despite court orders for an immediate cease of lignite extraction. Natural gas futures for 2022 fluctuate with the Baltic Pipe construction suspended.
Poland
The month of May was marked by the lifting of U.S. sanctions on Iran. The meteoric rise in electricity prices was dampened by the fall in carbon prices midmonth. Following the first auctions for UK emission quotas, prices have ebbed slightly, speculative purchasing keeps prices high.
France