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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POWER
European power purchased agreements closed higher for the third consecutive time on 20 May, inching up by €0.83/MWh from 17 May, according to latest data from energy pricing firm Pexapark. PPA prices could be supported in the short term amid price increases in the energy complex.
- EU PPA prices increased to €49.82/MWh on 20 May from €48.99/MWh on 17 May. This is the highest EU PPA prices have been since 16 April.
- PPA prices in Germany climbed higher, up 2.61% compared to a 0.81% rise on 17 May. France moved up by 1.63% compared to a 3.22% rise.
- PPA prices in the UK moved up the most, up 3.55% with values in Italy, Netherlands, Spain, Portugal, Nordics and Poland also higher. Poland had previously fallen by 1.65% on the day on 17 May.
- Solar PPA prices climbed 1.8% on the day, with offshore and onshore PPAs up 3.1% and 2.17%, respectively.
- The TTF June is up 2.78% at €32.65/MWh at the time of writing.
- The Dec 24 EU ETS price is up 2.2% at €75.85/t CO2e.
- The German June is up 3.91% at €73.92/MWh.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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