Bearish energy market to start 2024

The downward trend of power, natural gas, and CO₂-EUA prices are closely linked. A higher electricity output of wind turbines, French nuclear sites, and hydropower installations push gas-fired turbines out of the market, while a reduced natural gas demand for electricity production leads to a declined purchase of CO₂-EUAs. Moreover, a reasonably mild winter in combination with a diminished gas consumption by industry and households keep the gas storages well above the five-year average and slightly above last year's levels. Cheaper natural gas and CO₂-EUAs are reflected in the lower electricity price. All these factors result in energy prices dropping below the levels seen just before the Ukrainian war. Your PowerPulse account manager helps you with the most suitable timing for your procurement strategy.