EUAs Dec25 are trending upward on the day, influenced by EU gas movement, with the EUA-TTF intraday correlation hitting 0.90 in the afternoon. UKAs Dec25 are falling for the third consecutive session, hitting a two-week low; the decline may result from continued short positioning, as open interest rose to an all-time high on Wednesday while prices dropped.
- EUA DEC 25 up 1.35% at 73.31 EUR/t CO2e
- UKA DEC 25 down 0.95% at 48.97 GBP/t CO2e
- TTF Gas JUN 25 up 0.6% at 35.255 EUR/MWh
- NBP Gas JUN 25 up 0.7% at 84.35 GBp/therm
- Estoxx 50 up 0.2% at 5399
- Correlation between EUA/TTF for 30-day period remained at 0.62.
- Correlation between EUA/STOXX for 30-day period remained at 0.51.
- Correlation between EUA/UKA for 30-day period remained high at 0.74.
- Correlation between UKA/FTSE100 for 30-day period remained high at 0.56.
- The EUA Dec25 premium to the UK equivalent widened to €15.17/t CO2e from the €13.63/t CO2e in the previous day, the highest level since late March.
- The latest EU ETS CAP3 auction cleared at €70.11/ton CO2e, down 2.20% compared with the previous EU auction at €71.69/ton CO2e according to EEX.
- EU greenhouse gas emissions rose 2.2% year-on-year in Q4 2024, reaching 897MtCO2e, while GDP grew 1.5% over the same period, according to Eurostat.
- Czech Cez increased its hedging for power delivered in 2026-28 in 1Q25 from the end of 2024, with the firm selling power for delivery in 2029 for the first time. Its contracted emissions rose for 2026-27, while volumes for 2028 were finally secured under contract.