May 27, 2024 08:01 GMT
What to Watch: EUA EU Auction, Swiss Hydro, Nordic Hydro, Spanish Hydro
POWER
- The EUA EU Primary Auction CAP 3 will end on 28 May at 11:00 CET. The last auction cleared at an auction price of €74.90/ton CO2e at a cover ratio of 1.31.
- In the previous week, Swiss hydropower reserves rose by 4.1 percentage points last week to 23.7% of capacity as of 20 May, narrowing the deficit to the five-year average to the lowest in three weeks, BFE data showed.
- And Nordic hydro stocks over 13-19 May (week 20) rose to their highest since week 7 of this year, with Finnish stocks climbing to a new yearly high, while Norwegian and Swedish reservoir levels rose to the highest in weeks.
- And previously, Spanish hydro stocks remained unchanged on the week for the second consecutive week over 13-19 May as domestic hydro output slightly fell week-on-week, with PV and wind output remaining firm.
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