The European gas industry is holding its breath as prices for EU carbon allowances fall ahead of the UK’s planned departure from the EU. Lower carbon prices will mean less of an incentive for power generators to switch from burning coal to gas.
The benchmark December 2019 contract for EU allowances was trading below €20 per ton ($22.6/t) on Friday morning after climbing to above €25/t in previous weeks, according to ICE data. Prices recouped some of the losses later in the...
- You have reached an article available exclusively to subscribers
- Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
- Get a free trial Already a subscriber? Sign in
