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Coal to gas fuel switching back in the spotlight in European energy markets

The first half of 2023 saw a revival in coal to gas fuel switching incentives. However, the forward curve implies these renewed incentives will not be maintained. Average efficiency coal plants (39%) are expected to run ahead of average efficiency gas plants (50%) during winter 2023/24. As a result, utilities will likely continue to build-up their winter EUA hedge book […]

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