Page 56 - 2025 HEG Daily Energy Market Report

CARBON (€/T)
MON TUE VAR D-1 VAR W-1 AVG. MAX MIN
23/2 24/2 FROM THE BEGINNING OF THIS YEAR
CO2 EUA DEC 2026 71.38 70.67 -0.71 0.59 82.55 92.24 69.18
CO2 EUA DEC 2027 73.38 72.63 -0.75 0.61 84.87 94.80 71.09
CO2 EUA DEC 2028 75.60 74.78 -0.82 0.55 87.50 97.73 73.28
CO2 EUA DEC 2029 78.15 77.36 -0.79 0.6 90.54 101.04 75.83
UK ETS DEC 26 EUR 53.11 52.25 -0.86 -1.75 70.06 84.02 52.20
UK ETS DEC 27 EUR 55.37 54.52 -0.85 -1.72 73.07 87.61 54.45
UK ETS DEC 28 EUR 57.96 57.09 -0.87 -1.73 76.48 91.46 57.04

European carbon prices fell on Tuesday pressured by waning demand and
milder weather conditions in Europe. As a result, the December 2026 contract
fell by 1% to €70.67 per tonne.

CO2 EUA

EXCHANGE RATES

MON TUE VAR D-1 VAR W-1 AVG. MAX MIN
23/2 24/2 FROM THE BEGINNING OF THIS YEAR
RATE EUR/USD 1.1784 1.1777 -0.0007 -0.0049 1.1772 1.1974 1.1617
RATE EUR/GBP 0.8734 0.8731 -0.0003 -0.0002 0.8691 0.8744 0.8616
RATE GBP/EUR 1.1450 1.1453 0.0003 0.0002 1.1507 1.1606 1.1436

The Euro inched lower against both the U.S. dollar and the British pound on
Tuesday amid no immediate ECB policy updates or plans. Hence, the
EUR/USD rate closed at 1.1777,while the EUR/GBP rate ended at 0.8731
almost unchanged compared to previous session.