FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: End of Day Power Summary: CWE, Iberian M1 Extends Gains, Nordics Hold

POWER
Energy BulletsHomepagemarkets-real-timeBulletPower BulletsCommodities

The CWE, Italian, Iberian and Nordic Oct base-load contracts have risen further towards the end of Tuesday’s session owing to additional gains in the equivalent TTF, with emissions lending support. Nordics have held onto gains with works extended at the 890MW OL2 and 507MW Loviisa units.

  • Italy Base Power OCT 24 up 3.2% at 110.16 EUR/MWh
  • Spain Base Power OCT 24 up 2.9% at 71.2 EUR/MWh
  • France Base Power OCT 24 up 7.2% at 58.75 EUR/MWh
  • Germany Base Power OCT 24 up 4.8% at 76.55 EUR/MWh
  • EUA DEC 24 up 1.7% at 64.27 EUR/MT
  • TTF Gas OCT 24 up 4.2% at 35.5 EUR/MWh
  • EU ETS Dec 24 continues to have been pressured by price rises in the gas and coal, while EU ETS CAP3 EU auction cleared lower at €62.71/t CO2e from €64.94/t CO2e in the previous session.
  • TTF front-month is up today after yesterday's drop, with a focus on winter risks. EU gas storage is 93.4% full on 15 Sept, but injection rates are limited due to curtailments from Norway and Algeria.
  • EU carbon prices are forecasted to rise to €150/ton CO2e by 2030, due to the gradual phase out of free allowances and the declining cap on emissions
  • Annual maintenance at the 615MW Baltic Cable between Sweden and Germany has been extended until 26 September, from 18 September previously scheduled.
  • Germany added 806MW of new solar PV capacity in August, the lowest level for any month so far this year, and down from 1.49GW in July.
  • EdF will shut down its 1.65GW Flamanville 3 nuclear reactor due to technical checks, with the plant having already been halted on 5 September.
  • Hydropower reserves in Spain declined to 48.6% of capacity as of the end of week 37, down from 49.3% of capacity the week.
  • Swiss hydropower reserves last week rebounded and increased by 1 percentage point to 84% of capacity as of 16 September, after falling two consecutive week.
306 words

To read the full story

Close

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.

The CWE, Italian, Iberian and Nordic Oct base-load contracts have risen further towards the end of Tuesday’s session owing to additional gains in the equivalent TTF, with emissions lending support. Nordics have held onto gains with works extended at the 890MW OL2 and 507MW Loviisa units.

  • Italy Base Power OCT 24 up 3.2% at 110.16 EUR/MWh
  • Spain Base Power OCT 24 up 2.9% at 71.2 EUR/MWh
  • France Base Power OCT 24 up 7.2% at 58.75 EUR/MWh
  • Germany Base Power OCT 24 up 4.8% at 76.55 EUR/MWh
  • EUA DEC 24 up 1.7% at 64.27 EUR/MT
  • TTF Gas OCT 24 up 4.2% at 35.5 EUR/MWh
  • EU ETS Dec 24 continues to have been pressured by price rises in the gas and coal, while EU ETS CAP3 EU auction cleared lower at €62.71/t CO2e from €64.94/t CO2e in the previous session.
  • TTF front-month is up today after yesterday's drop, with a focus on winter risks. EU gas storage is 93.4% full on 15 Sept, but injection rates are limited due to curtailments from Norway and Algeria.
  • EU carbon prices are forecasted to rise to €150/ton CO2e by 2030, due to the gradual phase out of free allowances and the declining cap on emissions
  • Annual maintenance at the 615MW Baltic Cable between Sweden and Germany has been extended until 26 September, from 18 September previously scheduled.
  • Germany added 806MW of new solar PV capacity in August, the lowest level for any month so far this year, and down from 1.49GW in July.
  • EdF will shut down its 1.65GW Flamanville 3 nuclear reactor due to technical checks, with the plant having already been halted on 5 September.
  • Hydropower reserves in Spain declined to 48.6% of capacity as of the end of week 37, down from 49.3% of capacity the week.
  • Swiss hydropower reserves last week rebounded and increased by 1 percentage point to 84% of capacity as of 16 September, after falling two consecutive week.