Overview

EUA prices continued to hover between €80-85 last week, as the market has been doing for most of August. The summer has seen a good recovery from the quite weak spring, with 22nd of July reaching a 6-month high at €86.84. With geopolitics still heavily influencing the gas, and other markets, EUAs have decoupled from the usually common correlation with TTF.

With just over a month left until the surrendering deadline, the market is likely to react to compliance demand in the coming weeks.