Page 72 - 2025 HEG Daily Energy Market Report

CARBON (€/T)
TUE WED VAR D-1 VAR W-1 AVG. MAX MIN
17/2 18/2 FROM THE BEGINNING OF THIS YEAR
CO2 EUA DEC 2026 70.08 71.57 1.49 -6.88 83.82 92.24 69.18
CO2 EUA DEC 2027 72.02 73.57 1.55 -7.03 86.17 94.80 71.09
CO2 EUA DEC 2028 74.23 75.83 1.6 -7.19 88.85 97.73 73.28
CO2 EUA DEC 2029 76.76 78.59 1.83 -7.18 91.93 101.04 75.83
UK ETS DEC 26 EUR 54.00 54.51 0.51 -2.12 72.05 84.02 52.20
UK ETS DEC 27 EUR 56.24 56.76 0.52 -2.21 75.15 87.61 54.45
UK ETS DEC 28 EUR 58.82 59.36 0.54 -2.33 78.66 91.46 57.04

European carbon prices continued to rise on Wednesday as the market
consolidates positions. Consequently, the December 2026 contract rose by
2.1% to €71.57 per tonne.

CO2 EUA

EXCHANGE RATES

TUE WED VAR D-1 VAR W-1 AVG. MAX MIN
17/2 18/2 FROM THE BEGINNING OF THIS YEAR
RATE EUR/USD 1.1826 1.1845 0.0019 -0.0055 1.1772 1.1974 1.1617
RATE EUR/GBP 0.8733 0.8724 -0.0009 0.0025 0.8686 0.8744 0.8616
RATE GBP/EUR 1.1451 1.1463 0.0012 -0.0033 1.1513 1.1606 1.1436

The euro rose against the US Dollar on Wednesday, as investors await US
economic data on industrial production. Hence, the EUR/USD pair edged 0.2%
higher at 1.1845 Meanwhile, the euro weakened against the British pound amid
rumours that the ECB President may step down. As a result, the EUR/GBP
exchange rate closed at 0.8724, marking a 0.1% decline.