Carbon Prices Soar as UK Stays in EU ETS
Carbon prices reach their highest price since September 2011.
It was an eventful week in the energy sector as carbon prices soared, power contracts hit multi-year highs, and National Grid confirmed Triad periods for the past winter. EU Emissions Trading System allowances surged to their highest price since September 2011, following the government’s announcement that it plans to stay in the program until the end of 2020. Increased emissions from coal-fired plants in Q118 also boosted prices, due to unseasonably cold weather conditions.