CO2 price (Dec-22) decreased by 4,03 EUR/t WoW to level 90,78 EUR/t WoW. Today market grew above 92 level.
Brent price (Apr22) increased by 0,3 USD/bbl WoW to 91,41 USD/bbl. Today market grew above 92 level.
Coal API (Mar22) increased by 15,1 USD/t WoW to 173 USD/t. Today coal is holding around 172 level.
The electricity price decreased WoW, especially near curve market. However, far curve products grew WoW.
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. CO2 price reacted on Thursday with easing towards call for price control from European Commission.
Slovak power market followed the trend of Czech market.
Slovenian market followed trend on other European electricity markets.
SPOT price decreased below 80 EUR/MWh level towards the end of the week and now is trading around 75 EUR/MWh.
Gas market experienced rather declining trend this week where price decreased quite significantly especially in near curve market.
This decline was driven by mild weather forecast which predicts above-average temperatures for February as well as a mild March.
LNG imports to Europe remain strong; however, this could change towards the end of winter with Asia picking up more LNG deliveries.
Tension on Russian-Ukrainian borders keep gas market nervous, but so far it looks as though the situation might calm down towards the end of winter. Currently it looks like elevated gas prices will remain for some time and a return to "standard prices" close to 20 EUR/MWh will take some time. Gas level in European gas storages decreased by 2,21% WoW (as of Wednesday) to level 34,82%.
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