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Another week of #EnergyMarketAnalysis with Digren Energy. In today's edition, we look at the week from the 14th to the 18th of October 2024💡 Quick highlights: ✅ Gas - The forecasted price movement for NBP in November 2024 shows a gradual decline from 103.82 GBp/therm on October 21 to 98.12 GBp/therm by October 29. - Milder weather projections for late October may have led to a reduction in heating demand, thereby causing a drop in prices. - Increased supply from ongoing LNG shipments and robust storage levels could be contributing to the downward price trend. ✅ Carbon - The forecast for CO2 EUA spot prices shows a fluctuating trend, starting with a slight dip in late October from €61.31 to €60.77. - An upward trajectory is observed throughout November, reaching €66.11, potentially driven by compliance deadline pressures or regulatory changes. - December records a decline from €64.49 to €62.30, possibly due to reduced industrial activity or a mild winter forecast reducing energy demand. - January and February 2025 show further declines to €44.06, which could be attributed to economic slowdowns or increased EUA supply. - A gradual recovery begins in March, continuing into April, suggesting renewed economic activity or tighter sustainability targets stimulating demand. Read the full edition for more information👇 #energymarkets #carbonpricing #gasmarket #energynewsletter #energynews #energymanagement #energyreport

Market Report 21st October 2024

Market Report 21st October 2024

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