After opening at EUR 71.40/t, the EUA front-Dec contract tumbled through the day, reaching an intra-day low of EUR 67.82/t (-5%) as of time of publishing. Simultaneously, front-month TTF gas prices also fell by approximately 5.3%. While some reporting has placed the blame on a bearish change to milder weather with more renewable generation, the degree of change for the last two updates to the ECOO forecast…
A weekly cap of what moved EUA prices and a clear view of the week ahead. We set out the drivers, their directional impact, and what matters next.
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