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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
The switching of coal for gas in European power generation is a highly price responsive source of gas demand flexibility with an influence on global as well as European pricing according to Timera Energy.
- Europe still has more than 20 mtpa of power plant switching potential despite significant coal closures over the last 5 years. Europe still has a substantial volume of coal capacity, particularly in central and eastern Europe.
- Coal & carbon prices have more than doubled since the start of 2021, materially increasing the Coal Switching Price (CSP) range compared to pre-crisis levels.
- The pull back in gas prices during 2023 has enabled switching levels to reassert their influence on TTF & JKM forward curves prices.
- Timera however expects a reduction in the European power switching response as coal plants close, particularly into the 2030s.
Source: Timera Energy
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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