Helping you make sense of the energy and water sectors



Alex McGregor Analyst

Most gas and power contracts rose last week, as EU ETS carbon continued with bullish momentum to a fresh seven-year high. This was despite declines in Brent crude oil and API 2 coal prices. EU ETS carbon prices hit fresh seven-year highs last week, reaching €17.8/t on 1 August. Prices continue to be supported by higher power demand across Europe this summer amid ongoing heatwaves sweeping the continent. Despite an increase in wind output last week, the heatwave has led to falling hydropower reservoirs, and reduced availability for cooling water at nuclear power plants, lifting demand for fossil fuel generation. Day-ahead ...

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