Global Gas Crunch Makes Europe’s Remaining Coal Plants Profitable
The global LNG supply crunch has made Europe’s last-standing coal-fired power plants profitable this year as gas supply costs soar while the need for conventional generation to stabilize grids remains. In Germany and Poland, which host most of the remaining operational or back-up-ready coal power ca
Source: OilPrice.com
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DW NOTE
Europe mothballed coal to meet climate targets. Now with Hormuz shut and gas at triple 2020 levels, those plants are the only reason Germany isn't rationing electricity to factories. Climate policy works until the alternative fuel supply gets blockaded by a regional power 4,000 miles away.