Futures market

• The electricity futures contract Cal 26 DE is showing restraint today after yesterday's upward movement triggered by rising natural gas prices. The market currently seems to be orientating itself more towards the fundamentals again, although there is still a lack of clear impetus to take a new direction. Accordingly, the price is largely moving sideways today. The high for the day was 90.74 EUR/MWh. Overall, today's development indicates a consolidation phase in which market participants are repositioning themselves and waiting for fresh signals.

Fuels and CO2

• The natural gas market initially remained in an upward mood in the morning and tested whether yesterday's rally could be continued. However, the rise was halted at the EUR 35.40/MWh mark. The price for the coming delivery year is currently stable at around EUR 35/MWh and is largely moving sideways. On the one hand, geopolitical tensions could provide new upward impetus. On the other hand, rising temperatures and a solid supply situation are having a dampening effect on prices. The market therefore remains directionless in the short term with slight downward pressure.

• CO₂ certificate prices are generally subdued today. Although the price briefly exceeded the 73 EUR/t mark, it was unable to maintain this level and fell back to around 72 EUR/t in the course of trading. Read more in CO₂mpass - everything about CO2 trading

Spot market and general information

• The effects of the weather-related decline in feed-in from wind and solar energy are clearly visible on the spot market. The average spot prices for tomorrow are EUR 82.57/MWh in Germany and EUR 95.51/MWh in Austria. The lower feed-in from renewable sources increases the residual load - i.e. the proportion of demand that has to be covered by conventional generation.