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We've discussed the rise in coal last year already on ET. I can't dig up past comments so will just rewrite it:
  • gas is relatively more expensive currently because it is still largely indexed to oil in Europe (under long term supply contracts), while coal went down thanks to the price pressure from shale gas in the US which has led to lower coal consumption there and volumes avialable for export;
  • coal plants will need to close soon; they have a set number of hours to run before doing so (under a EU directive), and it makes sense to run them as much as possible when it is unusually profitable to do so, like today, rather than wait for later
  • gas plants are higher in the merit order and thus taken out by renewables more often than coal. As renewables keep on growing, coal will be hit too.

One could argue that Gerany should have closed coal plants before the nukes (I share that opinion), but most of the rest of what they say is silly.


Wind power
by Jerome a Paris (etg@eurotrib.com) on Sat Jun 15th, 2013 at 05:32:19 AM EST
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