Page 84 - 2025 HEG Daily Energy Market Report

CARBON (€/T)
THU FRI VAR D-1 VAR W-1 AVG. MAX MIN
12/2 13/2 FROM THE BEGINNING OF THIS YEAR
CO2 EUA DEC 2026 72.54 70.68 -1.86 -8.05 85.13 92.24 70.68
CO2 EUA DEC 2027 74.54 72.62 -1.92 -8.26 87.52 94.80 72.62
CO2 EUA DEC 2028 76.83 74.82 -2.01 -8.55 90.25 97.73 74.82
CO2 EUA DEC 2029 79.48 77.39 -2.09 -8.79 93.37 101.04 77.39
UK ETS DEC 26 EUR 52.98 52.20 -0.78 -13.12 73.80 84.02 52.20
UK ETS DEC 27 EUR 55.24 54.45 -0.79 -13.67 76.99 87.61 54.45
UK ETS DEC 28 EUR 57.95 57.04 -0.91 -14.35 80.58 91.46 57.04

European carbon prices hovered near a 6-month low on Friday, weighed by
lower demand and weaker gas prices. As a result, the December 2026 contract
fell by 2.6% to €70.68 per tonne

CO2 EUA

EXCHANGE RATES

THU FRI VAR D-1 VAR W-1 AVG. MAX MIN
12/2 13/2 FROM THE BEGINNING OF THIS YEAR
RATE EUR/USD 1.1874 1.1862 -0.0012 0.0068 1.1768 1.1974 1.1617
RATE EUR/GBP 0.8711 0.8716 0.0005 0.0037 0.8684 0.8744 0.8616
RATE GBP/EUR 1.1480 1.1473 -0.0007 -0.0049 1.1516 1.1606 1.1436

The Euro fell against the Dollar on Friday, as the US dollar was supported by
stronger US jobs data. The EUR/USD pair edged 0.1% lower at 1.1862
Meanwhile, the Euro was almost unchanged against the Pound on Friday as
investors await news about EU production data. Hence, the EUR/GBP rate
ended at 1.1473