Czech Energy Pricing Trends - 4 Feb. 2022

CO2 price (Dec-22) increased by 5,05 EUR/t WoW to level 89,76 EUR/t WoW. Today market grew above 96 level.

Brent price (Apr22) increased by 2,94 USD/bbl WoW to 91,11 USD/bbl. Today market grew above 93 level.

Coal API (Mar22) decreased by 9,9 USD/t WoW to 157,9 USD/t. Today coal grew to 166 level.

The electricity price decreased WoW, especially near curve market. However Cal 23 grew WoW.

Today market grew following remaining energy mix including gas. The CO2 price might reach 3 digit number by April 2022; however,  some later market participants expect price to decrease below 80 EUR/t level.

Above normal wind generation shall keep spot prices below 200 EUR/MWh level.

Slovak power market followed the trend of Czech market.

Slovenian market followed trend on other European electricity markets.

SPOT price decreased even below 80 EUR/MWh level in beginning of this week, however today price again grew above 80 level.

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. The same applies for China. Some risks are related to LNG market where LNG imports from USA can be affected by cold weather in gas exporting states. Also higher gas demand from Asia, related to storage gas injections, might keep prices elevated from beginning of March. Interesting gas related news is that Russia and China agreed on increase of Russian gas exports into China by 2025. Gas level in European gas storages decreased by 3,19% WoW (as of Wednesday) to level 37,04%.

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Miroslav Ceman

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