All eyes on carbon as gas wins EU power market share

Gas has gained market share in European power generation, but carbon prices will likely need to rise if the trend is to continue Gas has gained market share in European power generation, but carbon prices will likely need to rise if the trend is to continue.
By Andreas Walstad 19 October 2017 0 28040
The Poolbeg CCGT gas-fired power plant in Ringsend, Dublin. The Poolbeg CCGT gas-fired power plant in Ringsend, Dublin. (ESB)

Gas has increased its share in European electricity generation in recent years, but it will likely need support from higher carbon prices to make further gains, according to analysts. 

Gas consumption for power generation in Europe increased by 7.5% year on year in winter 2016/2017, the European Network of Transmission System Operators for Gas (ENTSOG) said in its Winter Review 2016/2017, published this week. 

The report shows the share of gas in the power mix increased from 12% in 2015 to 20% in 2017. At...

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