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German coal and gas plants see lower profits in November

Profit margins for coal- and gas-fired power generators in Germany came under pressure in November amid declining month-ahead power prices Profit margins for coal- and gas-fired power generators in Germany came under pressure in November amid declining month-ahead power prices.
By Andreas Walstad 5 December 2019 Europe & Russia / Supply & Demand 0 34856
Chart showing month-ahead clean-dark and clean-spark spreads for Nov 2018 to Nov 2019

Germany’s older and less fuel-efficient gas-fired power plants were loss-making last month for the first time since April based on average month-ahead clean spark spreads calculated by Interfax. Margins for modern plants were also squeezed, but they still look profitable.

Modern and fuel-efficient coal-fired plants in Germany were just about breaking even while older plants were recording losses, according to the calculations. Profitability had improved in October