Page 9 - 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 for the first time in four weeks, settling below 76 EUR/tonne, amid political announcements and technical factors. Germany seeks to extend the 2034 deadline for free industrial allowances, while the European People’s Party supports bringing back international offsets to the EU ETS from 2031. EUAs expiring in Dec-25 slipped by 0.4% for the week, ending at 75.77 EUR/tonne. 72747678808284Dec25Dec26Dec27Dec28€/tonneThe change in Carbon Prices05.09.2512.09.251.16401.16601.16801.17001.17201.17401.17600.86300.86400.86500.86600.86700.86800.869005.09.2508.09.2509.09.2510.09.2511.09.2512.09.25€/$€/£The change in €/£/$ €/£€/$The US dollar weakened against the Euro during a volatile week, as markets anticipated three Fed rate cuts following a surge in jobless claims. As expected, the ECB kept its rates unchanged and maintained a positive outlook on growth and inflation, while noting it would adjust policy on a meeting-by-meeting basis, without committing to a predefined path. Hence, the EUR/USD pair rose by 0.2% for the week to 1.1718 on Friday. Sterling strengthened versus the European single currency as stronger-than-expected UK economic data boosted investor confidence. As such, the EUR/GBP rate lost 0.3% for the week, closing at 0.8653.