Alessandro VitelliApr 13 minDeceived wisdomIt’s been a somewhat wild start to 2022. As the energy index below shows, we had a relatively calm start to the year before Russia...
Alessandro VitelliDec 22, 20218 minWhat a long, strange trip 2021 has beenIt’s been a year of tumbling records and high anxiety as carbon prices have explored uncharted territory while natural gas and...
Alessandro VitelliSep 18, 20216 minIs it over?So the latest peak in European carbon prices is over. EUAs climbed to a record of €63.35 on September 8 and have settled back at around...
Alessandro VitelliSep 15, 20214 minWhat does the current price of EUAs actually represent?(This article was originally published on September 8 on Carbon Pulse). Despite all the excitement around EUA prices topping €60 for the...
Alessandro VitelliAug 10, 20214 minCarbon’s summer of– NATURAL GAS!Carbon’s steady progress to the top of the energy agenda, thanks to its 140% rally since November 2 last year, has been brought to a halt...
Alessandro VitelliMar 28, 20213 min2021 BC (beyond coal)Over the past few months it’s become apparent that an increasing number of people believe that the first part of the EU ETS’ work –...
Alessandro VitelliJan 8, 20214 minExpect the unexpected?“How ridiculous and how strange to be surprised at anything which happens in life.” (Marcus Aurelius) Unless you’re an industrial...
Alessandro VitelliNov 27, 20204 minPhase 4's starting pistol misfiresThe last week has seen a couple of significant changes to the predicted supply schedule for the start of EU ETS Phase 4, and while they...
Alessandro VitelliOct 29, 20204 minAll change?The worm is turning. European power economics are shifting in favour of coal, especially at the front of the curve, and this might be...
Alessandro VitelliOct 11, 20208 minAutumn stock-takeIt's officially autumn; compliance buyers are weighing up the choice between doing their 2020 buying now or waiting till the spring, fuel...
Alessandro VitelliJul 29, 20205 minBridging the gap?About a month ago I wrote about how carbon is embroiled in a “Fundamentals vs Technicals Deathmatch”, and from the vantage point of the...
Alessandro VitelliJun 1, 20203 minMay 2020 by the numbersMay saw a steady rally in EUA prices, with the Dec 20 contract climbing back near the levels it was at in March before the Great Covid...
Alessandro VitelliApr 13, 20205 minCorona-pocalypse and pandem-oniumWe're now two weeks into April, over a month since the lockdown began in Italy, a little over two weeks since it began in the UK, and...
Alessandro VitelliApr 1, 20203 minA record-setting month for the EUETSThe EUETS set all sorts of records in March...
Alessandro VitelliMar 18, 20201 minA quick note about coalThe price of coal has fallen just 3.3% in the last ten days, while power and gas have lost between 18% and 19%. Carbon on the other hand...
Alessandro VitelliMar 18, 20203 minCarbon – how low can it go? It’s been a wild ten days for equities and commodities in general: you know this better than I, I suspect. But at some point it’s worth...
Alessandro VitelliMar 11, 20205 minWhy the EU ETS should worry (a lot) about coal phase-outsOne of the constant features of any discussion about EUA supply and demand trends in the next few years is the phase-out of coal-fired...
Alessandro VitelliMar 4, 20204 minThe gravity-defying wonder of EUAsThe chart below shows how European carbon prices have outperformed the rest of the energy complex so far this year. EUAs are down just...