The electricity futures prices fell during the third week of November following the trend of the TTF gas prices. The prices of the main European spot electricity markets also registered a downward trend with the exception of France and the Iberian Peninsula. Regarding the photovoltaic energy production, it increased from the beginning of November to date compared to the same period of 2019.
As for the TTF gas futures in the ICE market for the month of December 2020, on Monday, November 16, they reached a settlement price of €14.49/MWh. This price was 4.6% higher than that of the previous Monday and the highest since the end of October.
But on Tuesday the prices began to decline and continued to decline for the rest of the week. As a result, the settlement price of Friday, November 20, was €12.89/MWh, 9.4% lower than that of the previous Friday and the lowest since the second half of August.
Regarding the TTF gas in the spot market, on Tuesday, November 17, an index price of €14.32/MWh was reached, the second highest so far in November. But, the rest of the week, the prices fell and the index price of November 21 and 22 was €12.59/MWh, the lowest since the beginning of the previous month.
On the other hand, the API 2 coal futures in the ICE market for the month of December 2020, on Monday, November 16, registered the highest settlement price since the end of October, of $55.00/t. This price was 7.3% higher than that of the same day of the previous week. From Tuesday to Thursday, the prices fell. But on Friday, after the negotiations between the management and the striking workers of the Cerrejón’s Colombian mines failed, the prices recovered and the settlement price was $54.00/t.
As for the settlement prices of the CO2 emission rights futures in the EEX market for the reference contract of December 2020, the third week of November, they were higher than those of the same days of the previous week and oscillated between €27.39/t of Monday, November 16, and €26.35/t of Thursday, November 19. In the case of the price of Monday, this was the highest since the end of September.
Source: AleaSoft
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