The Dutch CAL-26 power contract rises 3.1 €/MWh due to an increase in the EUA contract.
Short term:
The average Dutch power price for week 36 settled at 72.5 €/MWh, roughly 10 €/MWh lower than week 35, which cleared at 82.8 €/MWh. Wind energy generation in the Netherlands and Germany surged by around 50%, which significantly contributed in reduction of prices, while solar generation decreased by about 10%. The previous week’s bullish conditions in Germany and the Nordics also eased , contributing to the price drop. Meanwhile, the average gas price remained relatively stable at 31.6 €/MWh, just 1 €/MWh lower than the previous week.
Electricity (€/MWh)
Gas (€/MWh)
Long term:
The CAL-26 contract for Dutch power prices increased by 3.1 €/MWh to 84.8 €/MWh which could be directly linked to an increase in the EUA contract by 3.1 €/MWh to 78 €/Ton . The carbon prices moved up without significant changes in fundamentals. The TTF for CAL-26 remained largely sideways at 31.1 €/MWh as the market continued to assess the unresolved Russia–Ukraine peace negotiations. Attention was also on the first Arctic LNG 2 exports, seen as a potential new supply source despite sanctions, which kept uncertainty over future Russian LNG supply. Meanwhile, Norwegian outages continued but with no major changes on the planned unavailability.
Base (€/MWh)
Peak (€/MWh)
Gas (€/MWh)
CO2 (€/MWh)
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