Carbon Prices Hit Six-Year High
Power prices rebound upwards while EU ETS carbon hits a six-year high. National Grid publishes forward Electricity System Operator plans.
Last week we saw wholesale power and gas prices rebound upwards, despite mixed movements in underlying commodity markets. There was a rise in seasonal power prices which was mostly in Summer ’18 and Summer ’20. Carbon prices reached a six-year high last week even with the EU ETS being oversupplied. Outside of the wholesale markets, National Grid issued their first annual forward plan for the Electricity System Operator which shows it’s goals and priorities for this year.