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Markets & Forecasts
Europe's gas-fired power gains as TTF prices hit record lows
European gas-fired power plants are looking increasingly profitable compared with coal alternatives as a result of low prices for gas and high prices for carbon allowances European gas-fired power plants are looking increasingly profitable compared with coal alternatives as a result of low prices for gas and high prices for carbon allowances.
4 days ago
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34350
Directional impact on forecast:
Supportive of TTF gas prices
Europe’s gas-fired power plants are looking increasingly more profitable than its coal plants, meaning the European power sector should be able to keep absorbing gas because of continued fuel switching in the power sector.
Germany’s month-ahead baseload clean spark spread – a proxy for the profitability of producing gas-fired power calculated by subtracting the cost of the fuel and of EU carbon allowances (EUAs) from power prices – averaged around €8.50/MWh in June for modern...
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