The annual market surplus indicator that will be published by the European Commission on 29 May is based on 2025 emissions reported by the reporting deadline.The operation of the Market Stability Reserve (MSR) is a direct function of the size of the market surplus. We estimate this year’s surplus to enter the buffer zone with the consequence that the MSR intake rate effectively slows down from 24% to 19%.
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.
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
