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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 increased for the fifth consecutive time, edging up by €0.22/MWh – supported by gains in the energy complex on Wednesday, according to latest data from energy pricing firm Pexapark. PPA prices could move up again today amid higher prices in European gas and EU ETS
- EU PPA prices increased to €50.36/MWh on 22 May from €50.14/MWh on 21 May.
- If prices continue slightly higher they could reach a yearly high so far this year as they are just below the current 2024 high of €50.39/MWh on 16 April.
- PPA prices in the Netherlands increased the most on the day, climbing 1.93%.
- Prices in Germany edged up again by 0.74% from a 0.28% rise on 21 May.
- EU PPA prices in Portugal, Spain, Poland, and the UK were also higher on the day.
- But France fell by 1.70% compared to a 0.41% rise on Wednesday.
- PPA prices in the Nordics retreated by 2.22%, after having moved up by 4.40% in the previous session. Price falls were also noted in Italy.
- Solar PPA prices continued upward from Wednesday, increasing by 0.45% on the day, with offshore and onshore PPAs up 1.35% and 0.39%, respectively.
- The TTF June is up 4.62% at €36.275/MWh at the time of writing.
- The Dec 24 EU ETS up 1.93% at €77.68/t CO2e.
- The German June is up 2.83% at €78.75/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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