Euro Markets: EUAs surge to ten-month high, UKAs rise to most in 2 years amid strong energy fundamentals

EUA prices surged to their highest in ten months, amid aggressive buying and short-covering as weather forecasts sparked a jump in prompt German power and TTF gas, amid reports that Germany is set to offer more relief on electricity prices to industry that added to the bullish sentiment, while UKA prices rose to a two-year high.