Daily (07.07.2020): The German Cal’21 power climbed to a 20-week high on Monday, keeping the pace with EUAs above 30 Eur

07/07/2020 11:11 Daily

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Crude oil futures edged higher on Monday, supported by a string of data showing an economic recovery across the globe and amid improving OPEC+ compliance. However, oil continued to be pressured by the surging coronavirus cases. Hence, Brent crude from September delivery rose by 0.7%, or 30 cents, to settle at $43.10 a barrel. At the same time, U.S. WTI crude settled at $40.63 a barrel, up 1% day-on-day.

Expectations of weaker wind supply and stronger gas for power demand pushed British near-term gas prices higher on Monday. As a result, NBP spot surged by 8% to 14.90 p/therm, while the gas price for August delivery gained 0.8% at 15.23 p/therm. On the curve, the gas price for Q4 2020 delivery increased by 3.2% to 30.71 p/therm, tracking higher oil and carbon prices.


German and French spot electricity prices increased vertiginously on Monday, propelled by lower wind generation and falling nuclear availability. Consequently, the German day-ahead power rocketed at 31.90 EUR/MWh, while the French equivalent contract rallied at 35.09 EUR/MWh.


Year-ahead power prices surged alongside the carbon and oil markets, with the German Cal’21 power 4% higher at 43.40 EUR/MWh, its highest level since February 20. Meanwhile, the French Cal’21 power stood at 48.10 EUR/MWh, posting a 2.6% daily gain.


EUAs expiring in 2021 jumped by 6.4% to test briefly the €30-mark on Monday, the highest level since August amid incessant buying, with traders neglecting a weak auction.

German wind, solar tenders award 384 MW in July

31/07/2020 09:26:00

Projects with a combined capacity of 384 MW secured surcharges in Germany’s tenders for wind and solar power this month, the Federal Network Agency, also known as the Bundesnetzagetur (BNetzA) has announced.

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Plans unveiled for €1.6bn gigafactory in France to supercharge growing battery demand

31/07/2020 09:18:00

Production in the gigafactory is scheduled to begin in 2023 with a capacity of 16GWh of battery cells which will later increase to 50GWh

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Daily (30.07.2020): European CO2 prices rebounded by nearly 2% on Wednesday tracking a stronger auction in Poland.

30/07/2020 13:19:00

Crude oil prices inched higher on Wednesday, following an unexpected drop in US crude inventories. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.

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