Utility firms’ contemporary struggles
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Utility firms’ fleet carbon intensity can directly affect their net income. The shift from coal to gas is not only affected by the prices of fossil fuels and the EU ETS price (European Emission Trading Scheme)… equally important are power plants’ efficiency levels, intra-day demand curves, the merit order construction, and pre-negotiated heat and power obligations. Currently, coal-to-gas switching seems to be the new norm but not every minute of the day.