Markets & hedging
Clean spark, clean dark, and EUA demand
Spreads decide the stack. The stack decides the tons.
Updated 2026-08-05 · Model output for professionals · Not investment advice
Why carbon desks watch spreads
Clean spark and dark embed the EUA cost in the power plant decision. When gas is preferred to coal (or the reverse), near-term EUA demand can swing hard.
Hedge link
Hedge ratios and carbon-power spreads on Carbon Insights sit under Data so the hedge size can move with the stack, not stay frozen.
FAQ
- Is a wide clean spark always bullish EUA?
- Not by itself. Follow realised and Day+1 power CO2. Spreads are incentives; generation is tons.