Trends in power generation: Backswitch from gas to coal?
So far in 2021, prices on the energy markets have reached record highs. Coal and gas prices in particular have risen sharply, reaching their highest levels in over a decade. These developments have partly led to a backswitch from gas to coal-fired power generation and thus, in conjunction with rising CO2 prices, also to high electricity prices. In the following, Simon clarifies the underlying processes.