Germany Bolsters Coal-Fired Power to Meet Winter Power Demand

EU to Propose Dynamic Price Cap on Gas Exchange
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Germany is deploying about 3 gigawatts of coal-fired generation to ensure there are enough electricity supplies to make it through the winter amid curtailed natural gas supplies from Russia.

Utility Steag GmbH will add four hard-coal plantsBloomberg Terminal with a capacity of 2.5 gigawatts to the market within the next few weeks, while Uniper SE will prolong operationsBloomberg Terminal at its 345-megawatt Scholven-C hard-coal-fired power plant, the companies said on Friday.