Page 15 - Demo

FX CARBON Power prices in Ireland are strongly linked to gas and Carbon prices by the volume of gas fired power stations in Ireland’s power market. Gas prices are in turn influenced by oil prices and exchange rates. Exclusion of Liability Disclaimer: Whilst the information in this document is based on information that Horizon Energy Group Limited considers reliable and endeavors to –ensure is current, neither Horizon Energy Group Limited, nor any of its officers, employees, agents or affiliates make any representation or warranty (express or implied) with respect to, and no such person shall have any responsibility or liability to, any person for either the accuracy, completeness or reliability of the information contained in this document or for delays in the provision of, or for not providing, any of this information. The provision of this information does not represent a recommendation or offer or the solicitation of an offer by Horizon Energy Group Limited to any person to enter into any transaction nor should any person rely on any information contained in this document for any decisions to be made by them. Any opinions expressed by Horizon Energy Group Limited in this document are personal to it and are subject to change without notice. Ownership of the copyright arising in this document belongs to Horizon Energy Group Limited and accordingly this document may not be copied, published, distributed or adapted in any fashion by any person without Horizon Energy Group Limited’s express prior written consent. Horizon Energy Group Limited is registered in Ireland with limited liability. Registered number: 452021 European carbon prices fell over the week, shrugging off steep price surges seen in gas and electricity markets. The decline was mainly attributed to weak industrial demand and mild weather. Although prices rose last Friday, profit-taking and speculation about additional free allocations limited gains. Hence, EUAs expiring in Dec-26 dropped by 2% to 69.16 EUR/tonne, their lowest level since almost a year. 6065707580Dec26Dec27Dec28Dec29€/tonneThe change in Carbon Prices06.03.2613.03.261.13501.14001.14501.15001.15501.16001.16501.17000.86000.86100.86200.86300.86400.86500.86600.86700.868006.03.2609.03.2610.03.2611.03.2612.03.2613.03.26€/$€/£The change in €/£/$ €/£€/$The euro weakened against the dollar last week as rising tensions between the United States and Iran boosted demand for the dollar’s safe-haven status. Stronger-than-expected US employment and construction data also supported the currency. Thus, the EUR/USD exchange rate fell by 0.7% to 1.1476 on Friday . Sterling rose slightly against the Euro as markets scaled back expectations of Bank of England rate cuts, though higher UK energy costs limited gains. Weak German economic data and escalating Middle East tensions weighed on the Euro, pushing EUR/GBP pair 0.2% down at 0.8650.