Utility EUA hedging returning to historic levels, with airlines picking up, industrials still lagging –analysts

Published 11:00 on June 16, 2025 / Last updated at 08:21 on June 16, 2025 / / EMEA, EU ETS

Utility hedging of EUA exposure is recovering to near-normal levels after 2022’s period of high energy price volatility, while airlines are starting to take a more active role in managing their compliance risk, but industrials are still showing a mixed response to the onset of reduced free allocation, according to new analysis.
Utility hedging of EUA exposure is recovering to near-normal levels after 2022’s period of high energy price volatility, while airlines are starting to take a more active role in managing their compliance risk, but industrials are still showing a mixed response to the onset of reduced free allocation, according to new analysis.


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