European PPA prices rise 2.3% in July

The European long-term power purchase agreement (PPA) market showed divergent trends in July amid energy market volatility, a rebound in gas prices and varying levels of renewable energy penetration. According to the latest index from Swiss consultancy Pexapark, the Euro Composite rose 2.3% to €45 ($52.5)/MWh, although performance varied by country. Great Britain recorded the largest monthly increase, at 5.8%, followed by Italy at 4.3%. In both markets, higher PPA prices were supported by strengthening forward electricity prices, as gas markets continued to price in risk premiums linked to geopolitical ...

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