🏭Coal-fired power plants are still being favored in German power merit order...despite €70/t #EUETS price
European Gas price is just too HIGH
This does exhibit some fundamental support for current carbon rally: high coal burn leads to high EUA demand
European Gas price is just too HIGH
This does exhibit some fundamental support for current carbon rally: high coal burn leads to high EUA demand
Coal-fired plants' advantage is clearly shown in its Short run marginal cost vs Gas.
even the 36% efficient coal plants are in the money, as surging gas prices driving up Gas SRMC
even the 36% efficient coal plants are in the money, as surging gas prices driving up Gas SRMC
Thus, it is not surprising to see German coal plants' load hours have picked up notably this autumn.
The chart shows monthly average load of 'hard coal' (not brown coal/lignite).
The chart shows monthly average load of 'hard coal' (not brown coal/lignite).
🧐Zooming in hourly electricity mix of Germany
the variation in Wind generation vs the needs for fossil-fired generation.
(4GW of the 8GW nuclear capacity will be shut by year end)
the variation in Wind generation vs the needs for fossil-fired generation.
(4GW of the 8GW nuclear capacity will be shut by year end)
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