Page 12 - 2025 HEG Daily Energy Market Report

CARBON (€/T)
TUE WED VAR D-1 VAR W-1 AVG. MAX MIN
10/3 11/3 FROM THE BEGINNING OF THIS YEAR
CO2 EUA DEC 2026 72.91 71.86 -1.05 1.1 80.04 92.24 69.18
CO2 EUA DEC 2027 75.18 74.19 -0.99 1.36 82.32 94.80 71.09
CO2 EUA DEC 2028 77.56 76.62 -0.94 1.53 84.87 97.73 73.28
CO2 EUA DEC 2029 80.26 79.32 -0.94 1.62 87.82 101.04 75.83
UK ETS DEC 26 EUR 45.38 46.40 1.02 -3.96 65.42 84.02 44.91
UK ETS DEC 27 EUR 47.55 48.57 1.02 -4.01 68.25 87.61 47.26
UK ETS DEC 28 EUR 50.03 51.06 1.03 -3.99 71.46 91.46 49.74

European carbon prices declined on Wednesday, as concerns over the future of
carbon pricing remains uncertain. As a result, the December 2026-expiry
contract fell by 1.4% to 71.86 EUR/tonne.

CO2 EUA

EXCHANGE RATES

TUE WED VAR D-1 VAR W-1 AVG. MAX MIN
10/3 11/3 FROM THE BEGINNING OF THIS YEAR
RATE EUR/USD 1.1641 1.1581 -0.006 -0.0068 1.1750 1.1974 1.1555
RATE EUR/GBP 0.8655 0.8636 -0.0019 -0.0069 0.8693 0.8763 0.8616
RATE GBP/EUR 1.1555 1.1579 0.0024 0.0091 1.1503 1.1606 1.1412

The Euro inched lower against the U.S. dollar amid Middle East energy
disruption events in the strait of Hormuz. Hence, the EUR/USD rate closed at
1.1581 or a 0.5% decline, while the EUR/GBP ended at 0.8636 or a 0.2%
decrease.