Q3 energy markets in Europe: what you need to know

Energy market analysts, EnAppSys, have released Q3 2019 market summaries for both the European and UK markets. Take a look at the noteworthy trends summarized below:

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EU sees sizeable shift from coal to gas

  • The European electricity market saw a significant shift from coal to gas-fired generation in Q3 of 2019, reversing a trend seen in the previous two years.
  • Coal and lignite plants produced 95.8 TWh of power in the three months to September 30 – 41 per cent less than the 134.6T Wh generated by gas plants.
  • In Spain, coal has been pushed almost entirely out the market by gas, whilst Germany has seen significant reductions in levels of generation from coal and lignite.
  • Renewables provided 35 per cent share of overall power generation in Q3 2019, although growth has stalled with output declining 2 per cent from levels seen in the corresponding quarters in 2017 and 2018.
  • The Czech Republic continues to rely on lignite and coal sources without the same ability to switch as Greece and Italy.
  • Nuclear was the dominant power source in Europe in the three months to the end of September 2019, providing 28.7 per cent of total generation.

Jean-Paul Harreman, director of EnAppSys BV, said: “Generally there has been a significant shift in Europe from coal/ lignite generation to gas-fired generation, although the picture varies depending on individual countries where the degree of change depends on the ability to switch from one power source to the other.

Read more at https://www.powerengineeringint.com/2019/10/09/q3-2019-energy-markets-for-uk-and-eu-what-you-need-to-know/

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