From end-February the EUA price has been in fuel switching territory for the first time since September last year. It is now more profitable to run gas power plants than more emission intensive coal power plants. If this situation prevails, we could see lower power sector emissions resulting in lower EUA demand weighing on prices.
Helped by high storage levels ahead of the winter season, solid LNG send-out and a milder-than-normal January the gas situation is in a much better situation than anticipated before the winter. This situation is reflected in the European gas market. Since …
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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