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

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.