Is gas-fired power back in the money?
EU gas hub prices collapsed at the end of 2022. But the economics of gas power plants remain extremely challenged
Ultra-expensive gas rendered gas-fired power unprofitable for much of 2022
Recent falls in wholesale gas prices briefly reversed that situation
Gas plant profitability could easily flip negative again, temporarily benefitting coal
Economics still favour switching from coal to wind or solar PV plus battery storage
Marginalising gas in Europe would alleviate pressure on Asian economies and reduce coal burn