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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 rose over the week , supported by tighter supply at auctions and technical buying toward the end of the period. A cautious recovery in investor appetite contributed to the rise, as positioning data indicated funds increased net long exposure after ten consecutive weeks of reductions. Despite uncertainty over upcoming policy updates, EUAs expiring in Dec2026 settled higher for the week, trading at 72.84 EUR/tonne. The euro strengthened against the U.S. dollar, with the EUR/USD rate increasing for a fifth consecutive session as improved risk sentiment followed the announcement of a U.S. Iran ceasefire. This offset the impact of stronger –U.S. inflation data and kept the dollar under pressure. Consequently, the pair climbed by 1.7% to 1.1711. The EUR/GBP rate was broadly range-bound for the week, with fluctuations driven by alternating risk sentiment and relative central bank outlooks. Overall, the euro traded relatively steady versus sterling with a slight upward bias, with the pair trading at 0.8710. 666870727476788082Dec26Dec27Dec28Dec29€/tonneThe change in Carbon Prices06.04.2610.04.260.00000.20000.40000.60000.80001.00001.20001.40001.60001.80000.86600.86700.86800.86900.87000.87100.87200.87300.874006.04.2607.04.2608.04.2609.04.2610.04.26€/$€/£The change in €/£/$ €/£€/$