Coal-fired power as a security backstop in Europe’s grid
December 16, 2025
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 […]
