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Alessandro Vitelli
Aug 19, 20227 min read
Same old August.... or is it?
European carbon prices have followed their now-traditional course in August by rising on the back of the 50% reduction in auction...
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Alessandro Vitelli
Apr 1, 20223 min read
Deceived wisdom
It’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...
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Alessandro Vitelli
Dec 22, 20218 min read
What a long, strange trip 2021 has been
It’s been a year of tumbling records and high anxiety as carbon prices have explored uncharted territory while natural gas and...
865 views1 comment
Alessandro Vitelli
Sep 18, 20216 min read
Is 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...
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Alessandro Vitelli
Sep 15, 20214 min read
What 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...
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Alessandro Vitelli
Aug 10, 20214 min read
Carbon’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...
1,315 views0 comments
Alessandro Vitelli
Mar 28, 20213 min read
2021 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 –...
320 views0 comments
Alessandro Vitelli
Jan 8, 20214 min read
Expect the unexpected?
“How ridiculous and how strange to be surprised at anything which happens in life.” (Marcus Aurelius) Unless you’re an industrial...
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Alessandro Vitelli
Nov 27, 20204 min read
Phase 4's starting pistol misfires
The 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...
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Alessandro Vitelli
Oct 29, 20204 min read
All 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...
671 views0 comments
Alessandro Vitelli
Oct 11, 20208 min read
Autumn stock-take
It's officially autumn; compliance buyers are weighing up the choice between doing their 2020 buying now or waiting till the spring, fuel...
350 views0 comments
Alessandro Vitelli
Jul 29, 20205 min read
Bridging 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...
401 views0 comments
Alessandro Vitelli
Jun 1, 20203 min read
May 2020 by the numbers
May 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...
172 views0 comments
Alessandro Vitelli
Apr 13, 20205 min read
Corona-pocalypse and pandem-onium
We'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...
255 views0 comments
Alessandro Vitelli
Apr 1, 20203 min read
A record-setting month for the EUETS
The EUETS set all sorts of records in March...
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Alessandro Vitelli
Mar 18, 20201 min read
A quick note about coal
The 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...
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Alessandro Vitelli
Mar 18, 20203 min read
Carbon – 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...
309 views0 comments
Alessandro Vitelli
Mar 11, 20205 min read
Why the EU ETS should worry (a lot) about coal phase-outs
One 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...
791 views0 comments
Alessandro Vitelli
Mar 4, 20204 min read
The gravity-defying wonder of EUAs
The chart below shows how European carbon prices have outperformed the rest of the energy complex so far this year. EUAs are down just...
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