Thursday 11 April 2019
Carbon prices rose to over €27.00 per tonne yesterday, the highest they have been since July 2008 and power futures gained as a result. The UK gas system remained finely
balanced throughout the day adding some support to the within day price but the day ahead price was unchanged. The week ahead and balance-of-month contracts eased by around a penny, but the front month gained just over a penny in continuing volatile trading. The see-saw pattern of trading on crude oil also continued yesterday with Brent crude shedding 90 cents to settle at $70.83.