Strong downward pressure on gas spot prices led to intensive coal-to-gas switching across the EU in the first quarter of 2019, according to the European Commission's 28 June electricity market report.
Gas-fired generation reached a record volume of 148 TWh. The report confirms that the share of coal in the EU's power mix has continued to decline and, in March, reached its lowest level on record (13.3%).
The withdrawal of emission allowances from the market into the Market Stability...