Electricity – EEX Baseload Futures
During the month of April, electricity prices continued to rise, driven by higher carbon prices. The increase is on average 1.83 €/MWh for CAL 22 and 0.90 €/MWh for CAL 23.
Carbon – EUA Futures
Prices for CO2 emission quotas rose more sharply in April and reached a new milestone at the end of the month, 48.74 €/t. On May 19th, the UK will open its own carbon trading system. This could have a positive impact on the European carbon market. On a monthly average, prices increased by 4.38 €/t in April.
Natural Gas – EEX PEG Futures
After a fairly stable start to the month, gas prices rose again and culminated at the end of the month at a high of 19.78 €/MWh, supported by coal prices and an ever-present global demand for LNG. Prices increased on average monthly by 0.96 €/MWh for CAL 22 and by 0.48 €/MWh for CAL 23.
Fuel – London Brent Spot
OPEC decided on April 1rst to maintain the oil production increase in May. This announcement did not have a significant downward effect on prices, which increased from mid-April onwards. This could reflect a sign of optimism in economic activity, following stimulus announcements vaccination campaigns, etc. The price of a barrel of Brent fell on average monthly by 0.22 $/bbl. The average daily oil price per barrel was 65.36 $/bbl. At the beginning of the month, the price per barrel was 64.64 $/bbl.
The information above is an excerpt from the applicable report referenced above. For a full and complete copy of this report please complete the form below, sign up for our newsletters or schedule a virtual meeting at your convenience.