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Europe: CO2 emission allowance futures reached 74.2 euros/MWh in week 21

According to AleaSoft Energy Forecasting, CO2 emission allowance futures in the EEX market for the reference contract of December 2024, reached their weekly minimum settlement price, €74.22/t, on Monday, May 20. However, this price was already 5.0% higher than the last session of the previous week and 6.3% higher than the previous Monday.

On Tuesday, May 21, these futures registered their weekly maximum settlement price, €76.25/t. According to data analyzed at AleaSoft Energy Forecasting, this price was 8.6% higher than the previous Tuesday and the highest since the first half of January. Subsequently, prices started a slight downward trend, although they remained above €75/t for the rest of the fourth week of May. On Friday, May 24, the settlement price was €75.62/t, still 7.0% higher than the previous Friday.

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