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:
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.