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Statistik › Valutor och råvaror › Carbon and power prices

Four supervisory reports over four years contain no carbon to power correlation at all

Measured relationshipVärdeUrvalTest statistic
Allowances against equities38%Mar 2020 to Mar 2022none reported
Allowances against coal23%Mar 2020 to Mar 2022none reported
Allowances against all other assetsbelow 20%Mar 2020 to Mar 2022none reported
Allowances against gas, 50 day rolling peak89%May 2024none reported
Allowances against powerinte publiceratanyinte publicerat
Carbon cost pass through coefficientinte publiceratanyinte publicerat

Everything the four supervisory documents opened for this page report on allowance correlation. The first three rows come from the 2022 final report, the fourth from the 2025 carbon markets report. No allowance to power correlation and no pass through coefficient appears in any of the four.

The claim that the European carbon price drives power prices has no quantified support in the four supervisory documents opened for this page. The one measured allowance correlation set puts equities at 38 per cent, coal at 23 per cent and everything else below 20.

38%Allowance correlation with equities, 2020 to 2022
23%With coal over the same period
below 20%With every other asset tested
None in four reportsPublished allowance to power correlation

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Below this point there are 4 sections and 4 named sources, roughly 650 words of it. Every figure carries the source it came from and the date the data is from.

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