Skip to content
Subscriber Only

Europe's Gas Plants Spark to Life With Fuel at Lowest Since 2010

  • Gas prices are forecast to fall further, increasing profit
  • Gas is starting to replace coal as fuel in power generation
Inside The AEP Appalachian Co. Natural Gas Combined Cycle Plant
Photographer: Ty Wright/Bloomberg
Updated on

Natural gas-fired power plants in Europe’s two biggest electricity users are earning utilities money again.

German gas-fired plant profitability at times of peak demand turned positive on Dec. 7, rising to the highest since February 2012 on Thursday, while gas units that generate around the clock in France have been profitable for seven weeks, the longest stretch in four years, according to data compiled by Bloomberg. That came after benchmark European gas prices fell 12 percent in 2016, extending last year’s 31 percent drop.