Weekly energy market update:
The EU power prices are more or less flat this week. Still, many market participants are worried about the energy supply disruption from Russia to Europe.
It’s important to continue to monitor the impact of the following drivers in the coming weeks:
- The Lunar New Year holiday in China
- Solid LNG gas send-outs to Europe from the USA
- Increasing renewable generation & Mild weather
- The slowing LNG Gas / Oil imports from India and Brazil
Still, further spikes in the power price are likely driven by the war tension in Ukraine. Continue expecting more favorable energy buying opportunities in Mar’22 – May’22
To read the prior week’s Energy Market Update, please follow the link here.