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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 rose to the highest since 16 April on 21 May – edging up by €0.32/MWh – supported by gains in the energy complex on Tuesday, according to latest data from energy pricing firm Pexapark. Gains in PPA prices could be somewhat limited today amid mixed movements in the energy complex.
- EU PPA prices increased to €50.14/MWh on 21 May from €49.82/MWh on 20 May. EU PPA prices have now been on a four-session rising trend.
- PPA prices in Germany edged up by 0.28% from a 2.61% rise on 20 May.
- France increased by 0.41% compared to a 1.63% rise on Tuesday.
- PPA prices in the Nordics rose the most, up 4.40%, with prices in the UK, Netherlands, Poland and Italy also climbing higher on the day.
- But EU PPA prices in Portugal and Spain declined, down by 0.46% and 0.43%, respectively.
- Solar PPA prices climbed 0.61% on the day, with offshore and onshore PPAs up 1.58% and 0.76%, respectively.
- The TTF June is up only 0.67% at €32.225/MWh at the time of writing.
- The Dec 24 EU ETS price down 0.22% at €76.08/t CO2e.
- The German June is up 0.54% at €75.15/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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