Dear Madam or Sir,
In the period of the hard lockdown between March 23 and April 19, 2020, electricity consumption on working days in Germany was 7.5 percent lower on average than on comparable days before, according to the Kiel Institute for the World Economy (IfW); up to 13 percent in the week after Easter. After the partial easing, electricity consumption increased slightly again, but is still approximately 6.6 percent lower. On weekends, when the industry in particular produces less, the deviation is minimal.
However, the declines in Spain and Italy are far more significant. Austria’s example shows that the recent easing measures do not bring about a large increase; here the electricity consumption is approx. 11% below the normal average.
At the end of the submission deadline for the past year, the prices for CO2 emission allowances also fell by around 10% compared to the previous week’s closing time and fell below the 19 euro mark. This morning, however, there were slight price gains again, but there will be many industries in the coming weeks that will remain hesitant to buy during the year due to the uncertainties regarding the Corona crisis.
|(Average Quotes Exchange / OTC)
|ICE Brent Crude Oil (Benchmark Future)
|EURO (Currency, Forex)
(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)
Please call our international carbon desk if any further questions exist: +49.2831.1348220.
With kind regards,
Advantag Services GmbH