Spot prices made a sizeable loss over the weekend due to improved wind production on the continent. Lithuania, the current holder of the EU Presidency has also given support for carbon backloading along with Germany which has also affected prices.
Spot prices are expected to show more downward movement than upward in the coming days on the back of improved nuclear and wind generation as well as mild temperatures until the middle of next week at least.
Spot prices fell yesterday thanks to a drop in demand and an increase in European wind production. Carbon contracts have made a significant loss this week after a large increase last week on the back of Germany's support for backloading