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POWER: Mid-Day Power Summary: CWE Tracks Weekly Net Loss

POWER
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CWE front-month power prices are tracking a weekly decline this week, amid losses in EU gas and carbon prices. The Germany-France October power spread is currently at the widest since 14 August.  

  • Nordic Base Power OCT 24 up 4% at 21.85 EUR/MWh
  • France Base Power OCT 24 down 1.5% at 61 EUR/MWh
  • Germany Base Power OCT 24 down 0.2% at 78.16 EUR/MWh
  • EUA DEC 24 down 0.3% at 65.23 EUR/MT
  • TTF Gas OCT 24 up 1.4% at 35.675 EUR/MWh
  • Rotterdam Coal OCT 24 up 1.2% at 113.8 USD/MT
  • TTF has been holding on to gains today but remains within the recent €34.67/MWh to €36.34/MWh range. Muted demand and high underground and floating storage are helping to ease tight supply fears amid curtailed pipeline supplies to Europe ahead of the winter heating season.
  • The EU ETS Dec24 has reversed earlier gains to bull back, tracking a weekly net decline. Interest in this week’s German EUA auction has been limited with the cover ratio declining to 1.48.
  • The latest weekly German EUA CAP3 auction cleared at €64.89/ton CO2e, compared with €67/ton CO2e in the previous auction and the lowest level since mid-July.
  • The European Union is being urged to implement emergency regulations to postpone its 2025 emissions targets for automakers by two years, according to a draft proposition from the industry lobby.
  • Large parts of central Europe and NW Europe including parts of Poland, Germany, the Czech Republic, Slovakia and Austria are preparing for heavy rainfall this weekend.
  • National Grid agreed to sell its electricity system operator to the UK government, with the UK now planning to launch a publicly owned National Energy System Operator on 1 October.
  • In Sweden, the Oskarshamn nuclear plant will reduce output by 230MW for three hours on Friday starting 11:30 BST in an unplanned outage. 
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CWE front-month power prices are tracking a weekly decline this week, amid losses in EU gas and carbon prices. The Germany-France October power spread is currently at the widest since 14 August.  

  • Nordic Base Power OCT 24 up 4% at 21.85 EUR/MWh
  • France Base Power OCT 24 down 1.5% at 61 EUR/MWh
  • Germany Base Power OCT 24 down 0.2% at 78.16 EUR/MWh
  • EUA DEC 24 down 0.3% at 65.23 EUR/MT
  • TTF Gas OCT 24 up 1.4% at 35.675 EUR/MWh
  • Rotterdam Coal OCT 24 up 1.2% at 113.8 USD/MT
  • TTF has been holding on to gains today but remains within the recent €34.67/MWh to €36.34/MWh range. Muted demand and high underground and floating storage are helping to ease tight supply fears amid curtailed pipeline supplies to Europe ahead of the winter heating season.
  • The EU ETS Dec24 has reversed earlier gains to bull back, tracking a weekly net decline. Interest in this week’s German EUA auction has been limited with the cover ratio declining to 1.48.
  • The latest weekly German EUA CAP3 auction cleared at €64.89/ton CO2e, compared with €67/ton CO2e in the previous auction and the lowest level since mid-July.
  • The European Union is being urged to implement emergency regulations to postpone its 2025 emissions targets for automakers by two years, according to a draft proposition from the industry lobby.
  • Large parts of central Europe and NW Europe including parts of Poland, Germany, the Czech Republic, Slovakia and Austria are preparing for heavy rainfall this weekend.
  • National Grid agreed to sell its electricity system operator to the UK government, with the UK now planning to launch a publicly owned National Energy System Operator on 1 October.
  • In Sweden, the Oskarshamn nuclear plant will reduce output by 230MW for three hours on Friday starting 11:30 BST in an unplanned outage.