Global Gas Crunch Makes Europe’s Remaining Coal Plants Profitable
6 Articles
6 Articles
Global Gas Crunch Makes Europe’s Remaining Coal Plants Profitable
The global LNG supply crunch has made Europe’s last-standing coal-fired power plants profitable this year as gas supply costs soar while the need for conventional generation to stabilize grids remains. In Germany and Poland, which host most of the remaining operational or back-up-ready coal power capacity in Europe, coal-fired generation is profitable again as winter approaches, LNG supply is barely moving out of the Strait of Hormuz, and gas pr…
Zero Hedge
BizTocGlobal Gas Crunch Makes Europe's Remaining Coal Plants Profitable
Global Gas Crunch Makes Europe's Remaining Coal Plants Profitable By Michael Kern of OilPrice.com The global LNG supply crunch has made Europe’s last-standing coal-fired power plants profitable this year as gas supply costs soar while the need for conventional generation to stabilize grids remains. In Germany and Poland, which host most of the remaining operational or back-up-ready coal power capacity in Europe, coal-fired generation is profitab…
Key takeaways The remaining coal-fired power plants in Europe have become profitable again this year. According to Bloomberg, this is due to a global shortage of liquefied natural gas (LNG) and rising fuel costs. Limited gas supplies are driving the European coal sector. Because conventional energy sources are essential to keep the electricity grid stable, these plants are once again financially viable. This applies especially to […]
The blockade of LNG in the Strait of Hormuz and the surge of gas force Europe to reactivate coal-fired power stations: in Germany the margins fly to 64 euros per megawattora to avoid blackouts and record increases. The article The winter knocks, the gas flies and Hormuz freezes: the Europe forced to save accounts with the old coal comes from Economic Scenarios.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
