(Montel) Spanish spot power prices could plummet 40% week on week in the days ahead to below EUR 50/MWh as wind output jumped more than a third, said one trader, though other analysts were more cautious.
Baseload power for Monday and Tuesday settled at EUR 94.11/MWh and EUR 41.05/MWh, respectively, while the weekly contract last closed on Friday at EUR 74.25/MWh on the EEX OTC, compared with last week‘s average of EUR 84.88/MWh.
One Spanish trader said increasing wind power could see prices slide to average below EUR 50/MWh this week, though another pegged them at EUR 74/MWh.
Analyst firms Volue and Montel‘s Energy…
