Euro Markets: EUAs post 5% rally as market shakes off holiday lull and looming auction increase

Published 17:22 on January 9, 2023  /  Last updated at 18:07 on January 9, 2023  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs rose by 5% on Monday, moving in a range of nearly €5 as the market appeared to easily absorb the first auction of the year, despite energy fundamentals that continue to suggest utility demand from should be weak and the prospect of additional auction volumes when the EU signs off on the REPowerEU initiative.

EUAs rose by 5% on Monday, moving in a range of nearly €5 as the market appeared to easily absorb the first auction of the year, despite energy fundamentals that continue to suggest utility demand from should be weak and the prospect of additional auction volumes when the EU signs off on the REPowerEU initiative.

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