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POWER: CWE Power Contracts Surge Amid Reports That Gazprom Halts Austria Gas

POWER

CWE front-month power contracts surged sharply following reports that OMV announced Gazprom would suspend gas deliveries to Austria on November 16. This development flipped and pushed TTF gas prices higher as well as helped reduce losses in emissions.

  • France Base Power DEC 24 up 3.2% at 100.5 EUR/MWh
  • Germany Base Power DEC 24 up 3.3% at 105.5 EUR/MWh
  • EUA DEC 24 down 0.1% at 68.17 EUR/MT
  • TTF Gas DEC 24 up 1.3% at 46.805 EUR/MWh
  • Rotterdam Coal DEC 24 up 0.4% at 124 USD/MT
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CWE front-month power contracts surged sharply following reports that OMV announced Gazprom would suspend gas deliveries to Austria on November 16. This development flipped and pushed TTF gas prices higher as well as helped reduce losses in emissions.

  • France Base Power DEC 24 up 3.2% at 100.5 EUR/MWh
  • Germany Base Power DEC 24 up 3.3% at 105.5 EUR/MWh
  • EUA DEC 24 down 0.1% at 68.17 EUR/MT
  • TTF Gas DEC 24 up 1.3% at 46.805 EUR/MWh
  • Rotterdam Coal DEC 24 up 0.4% at 124 USD/MT