A Renaissance of Fossil Fuels: Consequences of Europe’s Energy Market Panic

... unprecedented level of EUR61–62/t as well as coal, the latter is still more profitable than natural gas, even with these added costs. The relatively simple combination of weak power generation from renewable energy sources and the insufficient supply of natural gas may well have brought the two most unpopular segments of the European energy sector—nuclear and coal—to the fore. Graph 2 . Average Monthly Electricity Cost in Europe (EUR/MWh). Source: Thomson Reuters As we look ahead, it is worth noting that electricity prices would likely decline in the end, at least when the situation ...