German Power Baseload Calendar Month Futures (Feb 2022)NYMEX
Description
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Last post (for today) in the context of my sporadic coverage of the european energy debacle. The chart displays the German baseload future for electricity deliverable in February and the development is absolutely insane. What in the what is the market pricing in here?? A russian invasion? Omicron related shutdowns of the entire energy sector? Anyways. I hope folks in Germany are loading up on firewood..
Gazprom keeping reserves low, weather issues, worries about Ukraine, recent removals of dirties reduces supply. normally one or two of these things can happen but it's all happening at once
OrcChieftain
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@wolneya, Also emission papers.
Mayo1978
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@wolneya, plus permanent shutdown of 3 of 6 last remaining nuclear power plants ahead. Restock on LNG underway...
GammaLab
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@greenmask9 big factor.
GammaLab
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@Mayo1978 yes, and French reactors down for maintenance.