US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

MNI: CANADIAN SEP RETAIL SALES +0.4%; SALES EX-AUTOS/PARTS +0.9%

MNI: CANADIAN SEP RETAIL SALES +0.4%; SALES EX-AUTOS/PARTS +0.9%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

POWER: EU Mid-Day Power Summary: CWE Power Shrugs Off Gas Losses

POWER
BulletPower BulletsEnergy BulletsCommodities

Front-month power futures in CWE are holding onto gains today, shrugging off small losses in EU gas prices. Nordic December power is trading rangebound today with an upward revision in the region’s hydrobalances and lower EU gas, weighed against gains in the German power market and an unplanned outage at the OL3 nuclear plant. 

  • Nordic Base Power DEC 24 up 0.1% at 56.05 EUR/MWh
  • France Base Power DEC 24 up 1.9% at 100.75 EUR/MWh
  • Germany Base Power DEC 24 up 2.8% at 107.72 EUR/MWh
  • EUA DEC 24 up 1.5% at 69 EUR/MT
  • TTF Gas DEC 24 down 1.2% at 46.015 EUR/MWh
  • TTF front month has been holding onto small losses today as Russian pipeline gas supplies to Europe continue at normal levels despite a cut in supplies to Austria’s OMV on Nov. 16.  Colder weather this week and strong storage withdrawals remain supportive.
  • EU ETS Dec24 has reversed earlier losses to surge to the highest since 3 September, despite no clear driver and losses in EU gas prices and EU equities. 
  • The latest EU ETS CAP3 auction cleared higher today at €67.70/ton CO2e, up from €67.15/ton CO2e in the previous auction.
  • The UN Climate Chief Simon Stiell has called on leaders of the biggest economies to support global climate finance efforts, ahead of the G20 meeting in Rio this week, as negotiators struggle to reach an agreement on the climate finance target.
  • Germany added 1.366GW of new solar PV capacity in October, up from 1.173GW in September.
  • France has selected 12 candidates for its planned offshore wind tender (A09), which includes four projects.
  • The UK’s targets to decarbonise the energy grid by 2030 is unrealistic, RWE senior executive Adam Ezzamel said.
  • Energy prices in Italy are unlikely to decrease soon as the country is not increasing its generation capacity, while consumption is rising, Enel CEO Flavio Cattaneo said.
  • Finland’s 1.6GW OL3 Nuclear power plant had an unplanned outage on 17 Nov, with the unit fully disconnected until 20 Nov 00:00CET.
  • Lithuania is set to re-launch its 700MW offshore wind park in the Baltic Sea.
  • Ukraine has introduced further power cuts following a Russian missile strike over the weekend – severely damaging Ukraine’s infrastructure.
351 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.

Front-month power futures in CWE are holding onto gains today, shrugging off small losses in EU gas prices. Nordic December power is trading rangebound today with an upward revision in the region’s hydrobalances and lower EU gas, weighed against gains in the German power market and an unplanned outage at the OL3 nuclear plant. 

  • Nordic Base Power DEC 24 up 0.1% at 56.05 EUR/MWh
  • France Base Power DEC 24 up 1.9% at 100.75 EUR/MWh
  • Germany Base Power DEC 24 up 2.8% at 107.72 EUR/MWh
  • EUA DEC 24 up 1.5% at 69 EUR/MT
  • TTF Gas DEC 24 down 1.2% at 46.015 EUR/MWh
  • TTF front month has been holding onto small losses today as Russian pipeline gas supplies to Europe continue at normal levels despite a cut in supplies to Austria’s OMV on Nov. 16.  Colder weather this week and strong storage withdrawals remain supportive.
  • EU ETS Dec24 has reversed earlier losses to surge to the highest since 3 September, despite no clear driver and losses in EU gas prices and EU equities. 
  • The latest EU ETS CAP3 auction cleared higher today at €67.70/ton CO2e, up from €67.15/ton CO2e in the previous auction.
  • The UN Climate Chief Simon Stiell has called on leaders of the biggest economies to support global climate finance efforts, ahead of the G20 meeting in Rio this week, as negotiators struggle to reach an agreement on the climate finance target.
  • Germany added 1.366GW of new solar PV capacity in October, up from 1.173GW in September.
  • France has selected 12 candidates for its planned offshore wind tender (A09), which includes four projects.
  • The UK’s targets to decarbonise the energy grid by 2030 is unrealistic, RWE senior executive Adam Ezzamel said.
  • Energy prices in Italy are unlikely to decrease soon as the country is not increasing its generation capacity, while consumption is rising, Enel CEO Flavio Cattaneo said.
  • Finland’s 1.6GW OL3 Nuclear power plant had an unplanned outage on 17 Nov, with the unit fully disconnected until 20 Nov 00:00CET.
  • Lithuania is set to re-launch its 700MW offshore wind park in the Baltic Sea.
  • Ukraine has introduced further power cuts following a Russian missile strike over the weekend – severely damaging Ukraine’s infrastructure.