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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
Lower European natural gas prices and high carbon prices are providing an incentive for coal-to-gas switching in power production according to S&P Global.
- In Germany 55%-efficient gas plants can outcompete 40%-efficient hard coal units in the day-ahead market and the trend is likely to continue based on summer forward prices. German 50% gas plants remain uncompetitive against modern 45%-efficient coal plants.
- In winter 55%-efficient gas units would be able to replace older 38%-efficient coal units and CCGT high efficiency 59% units would be competitive with newer 40% hard coal plants.
- In Germany, about 60% of hard coal capacity has an efficiency of 40% or lower and about 55% of gas-fired capacity is likely to have an efficiency of 55% or higher.
- Coal and lignite generation in Germany's fell to 69% in the first half of March, compared with 73% in both January and February. Gas-fired generation rose to 30% in the first half of March up from about 26% in January to February and from 22% in March 2022.
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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