POWER
The average price of European PPAs over 1-13 March is on track to drop from February, however, prices are around 8% higher compared to the average across March 2024, according to data from Pexapark. Closer in, PPA prices rose on 13 March amid gains in EU emissions, while prices could continue climbing amid elevated EU ETS, German power and TTF.
- EU PPA prices averaged around €49.14/MWh over 1-13 March, down from €51.72/MWh across February and lower than €52.17/MWh in January.
- However, this is higher than the PPA prices in March 2024, which average about €45.62/MWh.
- On the quarter, PPA prices have averaged around €51.01/MWh so far in 1Q25 compared to €44.36/MWh over the entire 1Q24.
- On the day, prices moved up slightly to €49.48/MWh on 13 March from €49.19/MWh on 12 March. This is the highest price since 3 March at €50.04/MWh.
- PPA prices in the UK, Portugal, Spain, Germany, Netherlands, France, Poland, Nordics and Italy all rose. The sharpest increases were recorded in Poland and the UK.
- Solar PPA costs rose by 0.61% on the day, while offshore increased by 1.07% and onshore by 0.77%.
- Germany Base Power APR 25 up 2.9% at 81.08 EUR/MWh
- EUA DEC 25 up 1% at 71.32 EUR/MT
- TTF Gas APR 25 up 0.8% at 42.4 EUR/MWh
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