EMEA > ANALYSIS: EU utilities post double-digit drop in ETS-covered generation as hedging uncertainty adds to bearish mix

ANALYSIS: EU utilities post double-digit drop in ETS-covered generation as hedging uncertainty adds to bearish mix

Published 16:18 on November 21, 2023  /  Last updated at 16:18 on November 21, 2023  / Roy Manuell /  EMEA, EU ETS

Eight of the largest fossil burning power companies in the EU each posted a year-on-year drop in ETS-covered output in excess of 14% over the first nine months of the year, leading analysts to consider the impact on EUAs of the increasing uncertainty of estimating utility emissions in light of clean energy expansion, and the bearish potential of a continued decline in forward hedging from the sector.
Eight of the largest fossil burning power companies in the EU each posted a year-on-year drop in ETS-covered output in excess of 14% over the first nine months of the year, leading analysts to consider the impact on EUAs of the increasing uncertainty of estimating utility emissions in light of clean energy expansion, and the bearish potential of a continued decline in forward hedging from the sector.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.