In this week's Gas&Power Energyscan podcast, Julien Hoarau tells us about the fundamentals surrounding the slow downward trend of European Gas prices, approaching perhaps a threshold which could lead to a rebound in industrial demand in Europe and Asia. He explains that power spot prices are fairly stable in CWE averaging 150 Eur/MwH and that french nuclear availability, while admitting low results in 2022, has set its targets much higher for 2023 as it phases out of its stress corrosion issues low period. The EUA market has also been busy with credits having passed the symbolic 100 Eur/t threshold, though not pushed up by fundamentals but rather speculating entities.
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