German Energy Pricing Trends - 7 Jan. 2021

Electricity

Electricity prices continued to rise slightly in the week of the turn of the year. As usual, electricity prices followed the development of other raw materials. Yearly Future Cal22 at 50.92 € / MWh (+ 0.63%) and the Yearly Future Cal23 at 51.25 € / MWh (+ 0.89%).

Gas

Gas prices have fallen slightly due to milder weather. The decline in LNG imports for Europe and the rapid reduction in European storage levels to below 75%, however, had a price supportive effect.

CO2

CO2 prices continued to rise over the turn of the year. Market participants took the conclusion of the Brexit agreement between the EU and Great Britain as a positive signal.

Oil/Coal

Since the week before Christmas, oil prices have been moving sideways. Even down slightly in the reporting week. The further development of demand remains the uncertainty. Coal prices also fell slightly last week due to weak demand from Europe. On the other hand, increasing demand from China has a price supportive effect.

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