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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 (PPAs) fell slightly on 28 May, after having rebounded on 27 May, according to energy pricing firm Pexapark, as losses in the energy complex from the previous session placed downward pressure. Gains in PPA Prices could be dented today amid mixed movements of prices in the energy complex.
- EU PPA prices fell to €50.31/MWh on 28 May from €50.79/MWh on 27 May. EU PPA prices are now at their lowest since 21 May, after having been at a 2024 high on 23 May of €51.03/MWh.
- PPA prices fell in France, UK, Germany, Italy, Netherlands, Nordics and Poland, with prices in Germany and Netherlands dropping the most on the day – down 2.03% and 2% respectively.
- But prices in Portugal and Spain moved up slightly by 0.19% and 0.16%, respectively.
- Solar PPA prices dropped by 1.01% on the day, with offshore and onshore PPAs down 1.73% and 1.42%, respectively.
- TTF Gas JUN 24 up 0.4% at 33.655 EUR/MWh.
- EUA DEC 24 down 1.1% at 73.73 EUR/MT.
- Germany Base Pwr JUN 24 down 1.3% at 71 EUR/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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