Daily (14.11.2017): Power year-ahead contracts slightly up despite weaker fuels and carbon prices

14/11/2017 10:58 Daily

news

Crude prices fell on Monday as the prospect of further increases in U.S. production undermined ongoing OPEC-led output reductions aimed at tightening the market.  

Brent crude futures settled at $63.16 per barrel, down 36 cents, or 0.6 percent. Meanwhile, U.S. West Texas Intermediate (WTI) crude was almost constant at $56.76 per barrel.

 

British wholesale gas prices surged on Monday as lower temperatures increased demand. The NBP day-ahead gas price rose 0.80 pence, or 1.5%, to 54.3 p/therm. Along the forward curve, next quarter delivery contract traded 1.4% up at 56.12 p/therm.

 

European wholesale power prices showed a mixed picture with the day-ahead below what was paid for Monday as wind power production increased. French Tuesday delivery baseload contract was at 82.14 euros/MWh, while German spot contract shed at 40.18 euros, or 5.56 euros down.

 

Power year-ahead contracts traded slightly higher despite weaker fuels and carbon prices. German next year delivery electricity price edged 0.2% up at 37.04 euros/MWh. The equivalent French contract rose 0.2% to 42.10 euros/MWh.

 

European carbon registered a fifth day of losses on Monday, tumbling to a two-week low. Emission allowances expiring in 2018 ended 0.7% down at 7.38 euros a tonne.

German and Dutch investors to fund the construction of solar plants in Kazakhstan

14/11/2017 14:09:00

German and Dutch investors to fund the construction of solar plants in Kazakhstan

<READ MORE

European Council approves EU-Swiss emissions trading connection

14/11/2017 11:32:00

European Council approves EU-Swiss emissions trading connection

READ MORE

Daily (14.11.2017): Power year-ahead contracts slightly up despite weaker fuels and carbon prices

14/11/2017 10:58:00

Crude prices fell on Monday as the prospect of further increases in U.S. production undermined ongoing OPEC-led output reductions aimed at tightening the market.

READ MORE