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European Gas Futures Rise ~2%, Dutch TTF Up 9.4% on the Week

ICE UK natural gas futures closed 1.99% higher at 217.900 pence per therm, gaining 7.57% for the week. The TTF benchmark Dutch contract rose 2.12% to 87.725 euros per megawatt-hour, up 9.37% week-on-week. ICE EU carbon allowance futures fell 1.08% to 84.91 euros per tonne, a fourth straight decline and a 2.33% weekly drop.

Original source

AI take

The contrast here is the story: gas benchmarks in the UK and the Netherlands both posted solid weekly gains, while EU carbon allowances slid for a fourth straight session. That divergence suggests the gas move is being driven by supply or demand fundamentals rather than carbon-cost pass-through, since a stronger carbon price typically feeds into power and gas economics. Whether carbon continues to decouple from gas is the open question worth tracking.

Generated by AI for reference only.

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