Carbon hits record highs to shore up power prices across Europe
February 10, 2022
Jeremy Nicholson, Petra Puskarova
In this week’s Resonance energy market podcast Jeremy Nicholson talks to Alfa’s Dr. Petra Puskarova about the impact of record carbon prices on European energy markets.
In this week’s Resonance you will learn about:
- While anticipated, the rise in carbon prices are a cause for concern across Europe.
- Driven up by high coal burn, we discuss when demand could abate and if there will be an intervention.
- The LNG picture outlook remains strong and storage similar to previous reports, although winter has not been challenging for demand. However, US voices are questioning overseas suppliers when domestic issues could be addressed.
- Challenges with the French nuclear fleet remains a significant issue for European power which could continue into 2023, while wind makes a welcome return to relieve generation issues.