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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 ended broadly stable over the week, with trading activity remaining low ahead of the Easter weekend. The European Commission is set to unveil more details on its ETS reform in the coming days, clarifying the extent of planned changes. Fewer allowances are expected to be withdrawn from the market than initially planned, which could help stabilise prices and reduce volatility. As a result, the December 2026-expiry contract closed at 71.69 EUR/tonne on Thursday. 6570758085Dec26Dec27Dec28Dec29€/tonneThe change in Carbon Prices27.03.2602.04.261.14001.14501.15001.15501.16001.16500.86400.86500.86600.86700.86800.86900.87000.87100.87200.873027.03.2630.03.2631.03.2601.04.2602.04.26€/$€/£The change in €/£/$ €/£€/$The EUR/USD pair declined slightly over the week, reaching 1.1525 on Friday. A stronger-than-expected US jobs report supported the dollar, while the euro remained relatively stable amid thin liquidity due to the Good Friday holiday. The European single currency increased sharply versus the British pound last week. Sterling weakened as Bank of England Governor Andrew Bailey dampened expectations for aggressive rate hikes. Although higher interest rates could help curb inflation, they may also significantly harm an already weak UK economy. Consequently, the EUR/GBP rate rose by 0.6% for the week, closing at 0.8725.