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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMISSIONS
The latest TTF rally, coupled with lower carbon prices, have weighed on the competitiveness of gas-fired power plants against coal, IEA gas analyst, Greg Molnar, said.
- TTF front month gas prices have rallied since mid-September and are currently up by 21.2% since the close on 19 September.
- Front month API2 coal prices, in comparison, rose by 10.8% since 19 September close.
- EU ETS Dec24 allowances are down by 2.5% in the same period.
- If gas prices continue to be elevated and outweigh gains in EU coal markets, there could be some gas-to-coal fuel switching this winter.
- EUA DEC 24 down 1.3% at 61.27 EUR/MT
- TTF Gas NOV 24 down 2.2% at 40.06 EUR/MWh
- Rotterdam Coal NOV 24 down 0.5% at 122.8 USD/MT
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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