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POWER: EU ETS CAP 3 Auction Clears Above Spot

POWER

The latest EU ETS CAP3 EU auction cleared higher at €70.17/ton CO2e, compared with the previous auction that cleared at €69.28/ton CO2e on 26 August, according to EEX.

  • The cover ratio was at 1.61 compared to 1.52 in the previous session and in line with the 5-year average of 1.612.
  • There was a total of 25 bids up from 19 bids on 26 August.
  • The mean price was €70.38/t CO2e, with the median value at €69.85/t CO2e, up from €69.79/t CO2e and €69.13/t CO2e, respectively.
  • EU ETS Dec24 is trending up today to track price increases in natural gas. The Spot EEX EUA last traded at €70.10/t CO2e up from the last price of €69.28/t CO2e in the previous session, according to EEX. 

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