May 22, 2024 09:42 GMT
European PPA Prices Reach Highest Since Mid-April
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.
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