May 29, 2024 13:21 GMT
European PPA Prices Fall to Weekly Low
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.
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