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Energy Markets
13.02.2026
Carbon prices recorded their sharpest daily fall since May 2022 after political signals suggested possible market reforms or delays. The news triggered a strong selloff in the carbon market. As a result, EU Allowances (EUAs) for December 2026 dropped 7.5% to 72.54 EUR per tonne.
Oil prices also declined on Thursday, pressured by easing concerns over conflict in the Middle East, weaker demand, and expectations of higher supply. Brent crude and U.S. West Texas Intermediate (WTI) both fell by about 2.7%. They settled at $67.52 and $62.84 per barrel, respectively.
In contrast, British gas prices rose due to colder weather forecasts and supply concerns. The NBP spot price increased by around 2% to 80.92 p/therm. The Summer 2026 contract also climbed 1.7% to 72.68 p/therm.
European electricity prices were stronger overall. Colder weather, lower renewable output, and higher demand pushed up spot prices. Germany’s day-ahead price rose over 2% to 106.84 EUR/MWh, while France’s equivalent reached 58.12 EUR/MWh following a strike at EDF’s Cordemais plant. On the forward curve, Germany’s 2027 contract gained 2.5% to 48.56 EUR/MWh, while France’s rose 1% to 49.16 EUR/MWh.