European Gas Futures Jump 4% as TTF Posts 7.7% Weekly Gain

The divergence is the story: gas rallying hard while EU carbon allowances slipped, which is unusual since fuel-switching economics normally link the two. That decoupling suggests the gas move is driven by supply or weather-side factors rather than emissions policy expectations. For European industrials and utilities hedging power costs, the weekly gain matters more than the single-session jump. Whether carbon continues to lag gas — and whether that spread persists — is the open question worth tracking.