MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

European PPA Prices Fall from 2024 High

POWER
Homepagemarkets-real-timeBulletCEEMEA

European power purchased agreements (PPAs) fell from their yearly high on 24 May, edging down by €0.64/MWh – weighed down by losses in gas, EU ETS and power in the previous session, according to latest data from energy pricing firm Pexapark. Gains in the EU PPA market could be limited today amid slight increases in the energy complex.

  • EU PPA prices fell to €50.39/MWh on 24 May from €51.03/MWh on 23 May- the highest EU PPA prices had been since 27 December 2023.
  • PPA prices in major EU markets- including the UK- declined from the previous session.
  • The largest fall was seen in UK PPA prices, which dropped by 2.62%, with Germany down 1.74%.
  • France and Italy had notable losses of 1.68% and 1.41%, respectively.
  • Polish PPA prices were dented the least, down only 0.10%.
  • Solar PPA prices failed to continue upward, dropping by 1.37% compared to a 1.56% rise in the previous session.
  • Offshore and onshore PPAs down 2.27% and 1.67%, respectively, compared to a 2.34% and 1.48%, rise in the previous session.
  • TTF Gas JUN 24 up 2.1% at 34.825 EUR/MWh
  • EUA DEC 24 up 0.8% at 76.18 EUR/MT.
  • Germany Base Pwr JUN 24 up 0.6% at 75.78 EUR/MWh.

192 words

To read the full story

Close

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.

European power purchased agreements (PPAs) fell from their yearly high on 24 May, edging down by €0.64/MWh – weighed down by losses in gas, EU ETS and power in the previous session, according to latest data from energy pricing firm Pexapark. Gains in the EU PPA market could be limited today amid slight increases in the energy complex.

  • EU PPA prices fell to €50.39/MWh on 24 May from €51.03/MWh on 23 May- the highest EU PPA prices had been since 27 December 2023.
  • PPA prices in major EU markets- including the UK- declined from the previous session.
  • The largest fall was seen in UK PPA prices, which dropped by 2.62%, with Germany down 1.74%.
  • France and Italy had notable losses of 1.68% and 1.41%, respectively.
  • Polish PPA prices were dented the least, down only 0.10%.
  • Solar PPA prices failed to continue upward, dropping by 1.37% compared to a 1.56% rise in the previous session.
  • Offshore and onshore PPAs down 2.27% and 1.67%, respectively, compared to a 2.34% and 1.48%, rise in the previous session.
  • TTF Gas JUN 24 up 2.1% at 34.825 EUR/MWh
  • EUA DEC 24 up 0.8% at 76.18 EUR/MT.
  • Germany Base Pwr JUN 24 up 0.6% at 75.78 EUR/MWh.