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POWER: German-Dutch Jao CBC Moves in Mixed Directions

POWER

The latest CBC auction for delivery in September on the JAO in the German-Dutch direction rose sharply compared to the previous auction, while prices in the Dutch-German direction remained firm, data from JAO show.

  • All 254MW of offered capacity in the German-Dutch direction was allocated at €3.11/MWh for September, up from €2.38/MWh also for 254MW for August delivery.
  • In the other direction, 286MW of offered capacity was allocated at €4.75/MWh, edging up from 286MW at €4.61/MWh for May.
  • The Germany-Dutch September spread is at €2.15/MWh premium at the time of writing, down from €2.26/MWh from the previous day.

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