Europe's Power-Market Landscape Turning Into Death Valley: ChartBy and
European utilities’ profit from burning coal may fall even further after dropping to near the lowest since 2011. The gauge of future earnings from coal-fired electricity in Germany is vulnerable to further decline, according to PIRA Energy and Societe Generale SA. Profitability is worsening so much that generators may be forced to close plants in a market resembling a “death valley of power prices,” Martin Novak, chief financial officer at Czech utility CEZ AS, said in Prague Thursday.
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