Dear Sir or Madam,
The International Energy Agency (IEA) predicts a significant increase in demand for electricity over the next three years. Global electricity consumption is expected to rise by four percent annually until 2027, due in particular to increased use in industrial production, the growing electrification of the transport sector and the significantly higher energy demand of data centres and artificial intelligence.
These are also important topics for the new German government, because a stable energy supply at internationally competitive conditions for companies, even in times of decarbonisation, will remain of central importance for Germany as an industrial location.
The right-wing conservative government of our neighbours in the Netherlands wants to build so-called Small Modular Reactors (SMR), mini nuclear power plants distributed throughout the country, including in the immediate vicinity of the German border. While large nuclear power plants have a capacity of more than 1,000 megawatts, SMRs are in the range of 300 MW.
Now, in Gelderland, which borders directly on the German Lower Rhine, several possible locations along the rivers in the area of Arnhem, Nijmegen, Tiel and Zaltbommel are being considered. The rivers there would have sufficient water to cool the SMR at all times. The first protests by local residents are now emerging.
However, the construction of these small nuclear power plants is also expected to take at least five years before they can be connected to the grid; the final decision on the location is not expected before 2027.
In the past trading week, EU emission rights suffered significant losses again in a weak energy environment, losing 7.3% based on the weekly closing prices. However, on both Thursday and Friday, a support line in the area around 72.50 curbed a further fall towards 70.
If this support holds in the current week as well, a recovery would be conceivable, provided that the entire energy environment also develops in this direction. Otherwise, the next support would be the 200-day line of the December 25 benchmark future at the current 70.98, the next technical resistance upwards in the area around 75 euros.
Due to the regular absence of the Polish auction on Wednesday, a total of 11,343,500 emission rights will be auctioned on all other EEX carbon trading days this week.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 14/02/25 | 21/02/25 | Change |
| EUA (December-25-Future) | 79.75 EUR | 73.90 EUR | -5.85 EUR |
| nEZ (national Emission Allowances (D)) | 55.00 EUR | 55.00 EUR | +0.00 EUR |
| UKA (December-25-Future (UK)) | 46.71 GBP | 40.66 GBP | -6.05 GBP |
| UK Natural Gas (December-25-Future) | 125.03 GBP | 117.13 GBP | -7.90 GBP |
| ICE Brent Crude Oil (December-25-Future) | 71.87 USD | 71.46 USD | -0.41 USD |
| EURO (Forex) | 1.0492 USD | 1.0461 USD | -0.0031 USD |
(EUA. UKA, Natural Gas, Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade emission allowances or their futures and options. If you want to unsubscribe, please reply to this mail.)
Please call our international carbon desk if any further questions exist: +49.2831.1348220.
With kind regards,
Your Advantag – Team