Wednesday, 9 January 2019

Low RoIs for thermal power in Europe puts system stability at risk

Power producers in Europe, as well as parts of the U.S. and Australia, have been feeling the pinch due to a decline in wholesale energy prices brought about by stagnant demand, low gas prices and higher output of generation with low marginal costs, notably renewables. New-builds are no longer profitable which puts reserve margins at risk, hence the International Energy Agency (IEA) calls for a re-design of competitive power markets.

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