Electricity demand in key European markets is expected to remain stable this summer compared with the previous summer. Electricity prices are rising in line with oil and gas prices, meaning the market is expected to prefer coal for thermal power generation despite higher carbon and coal prices. Demand for EU carbon allowances (EUAs) is anticipated to remain strong ahead of the removal of surplus allowances from the market in January 2019, meaning coal is expected to lose out against renewables.
Hydropower is expected to be a...
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