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Market indicators for Western Europe – week 45 (Thurday update)

Eylert Ellefsen
Archived blog post. This blog post has been transferred from our previous blogging platform. Links and images may not work as intended.

Energy Quantified has started working on a market update, where we look at the main market indicators on a weekly perspective. This blog series is a sneak peek into how the market update report would look like.

Market comment

Updated 5 November 2020

The European Continent will see very low wind levels for the next week (46) and rising spot prices, while temperatures will be slightly on the bearish side. For week 47, we see strongly increasing French consumption, normalizing wind power and increasing nuclear capacity.
               
The fuels and the corresponding SRMCs are quite bearish at the moment, mainly because of the Coronavirus situation. Thus the Month Ahead prices have been bearish lately, also influenced by improved French nuclear capacity and in particular bearish French Market.

In general, the market situation has not changed since the update on Tuesday 3 Nov.

Main market indicators

Main market indicators for Western Europe. Updated 5 November. The numbers are a combination of actuals and our forecasts. All data is available for download in our database.

Key numbers in charts

Important price drivers for the next few weeks.

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