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FX CARBON Power prices in Ireland are strongly linked to gas and Carbon prices by the volume of gas fired power stations in Ireland’s power market. Gas prices are in turn influenced by oil prices and exchange rates. Exclusion of Liability Disclaimer: Whilst the information in this document is based on information that Horizon Energy Group Limited considers reliable and endeavors to –ensure is current, neither Horizon Energy Group Limited, nor any of its officers, employees, agents or affiliates make any representation or warranty (express or implied) with respect to, and no such person shall have any responsibility or liability to, any person for either the accuracy, completeness or reliability of the information contained in this document or for delays in the provision of, or for not providing, any of this information. The provision of this information does not represent a recommendation or offer or the solicitation of an offer by Horizon Energy Group Limited to any person to enter into any transaction nor should any person rely on any information contained in this document for any decisions to be made by them. Any opinions expressed by Horizon Energy Group Limited in this document are personal to it and are subject to change without notice. Ownership of the copyright arising in this document belongs to Horizon Energy Group Limited and accordingly this document may not be copied, published, distributed or adapted in any fashion by any person without Horizon Energy Group Limited’s express prior written consent. Horizon Energy Group Limited is registered in Ireland with limited liability. Registered number: 452021 European carbon prices edged higher last week, supported by usual seasonal demand and policy influences, despite wider economic uncertainty. Gains remained modest, however, as mild weather across the continent reduced gas consumption, putting downward pressure on carbon prices. EUAs expiring in Dec-25 gained 0.3% for the week, ending at 78.54 EUR/tonne. 74767880828486Dec25Dec26Dec27Dec28€/tonneThe change in Carbon Prices24.10.2531.10.251.15001.15201.15401.15601.15801.16001.16201.16401.16600.86600.86800.87000.87200.87400.87600.87800.88000.88200.884024.10.2527.10.2528.10.2529.10.2530.10.2531.10.25€/$€/£The change in €/£/$ €/£€/$The Euro fell sharply against the dollar, with the exchange rate hitting a three-month low on Friday, impacted by a dollar supported by the Fed’s optimistic tone following its 25-basis-point rate cut earlier in the week. The EUR/USD parity declined by 0.5% to 1.1554 on Friday. The Pound dropped to its lowest level in almost two and a half years versus the European single currency last week, pressured by rising concerns over the UK’s autumn budget. Meanwhile, the Euro was buoyed by stronger-than-expected Eurozone GDP figures and the ECB’s decision to maintain interest rates. Consequently, the EUR/GBP rate increased by 1% for the week, closing at 0.8816.