Page 8 - 2025 HEG Daily Energy Market Report

CARBON (€/T)
WED THU VAR D-1 VAR W-1 AVG. MAX MIN
11/3 12/3 FROM THE BEGINNING OF THIS YEAR
CO2 EUA DEC 2026 71.86 68.73 -3.13 -1.62 79.81 92.24 68.73
CO2 EUA DEC 2027 74.19 71.04 -3.15 -1.42 82.09 94.80 71.04
CO2 EUA DEC 2028 76.62 73.44 -3.18 -1.3 84.64 97.73 73.28
CO2 EUA DEC 2029 79.32 76.12 -3.2 -1.2 87.58 101.04 75.83
UK ETS DEC 26 EUR 46.40 46.11 -0.29 -2.08 65.03 84.02 44.91
UK ETS DEC 27 EUR 48.57 48.25 -0.32 -2.16 67.85 87.61 47.26
UK ETS DEC 28 EUR 51.06 50.74 -0.32 -2.14 71.05 91.46 49.74

European carbon prices fell to more than a week low on Thursday, amid
potential new EU reforms to loosen carbon supply rules for free allocations.
Hence, the December 2026 contract fell by 4.3% to €68.73 per tonne.

CO2 EUA

EXCHANGE RATES

WED THU VAR D-1 VAR W-1 AVG. MAX MIN
11/3 12/3 FROM THE BEGINNING OF THIS YEAR
RATE EUR/USD 1.1581 1.1547 -0.0034 -0.0071 1.1747 1.1974 1.1547
RATE EUR/GBP 0.8636 0.8624 -0.0012 -0.0071 0.8692 0.8763 0.8616
RATE GBP/EUR 1.1579 1.1595 0.0016 0.0094 1.1505 1.1606 1.1412

The Euro fell against the US Dollar and the UK pound on Thursday, amid the oil
shock price and Middle East tensions as these impact heavily EU energy
imports. Hence, the EUR/USD pair edged 0.3% lower at 1.1547. Also, the
EUR/GBP rate ended at 0.8624 or a 0.1% decrease.