After a period of decline, an increase in coal prices and the carbon pricing strategy in Europe have led to a 30% rise in electricity generation from gas between 2015 and 2017, according to Ahmed Ousman Abani from Deloitte France. The report also found that renewable energy is now cheaper than fossil fuels for most European countries, with Germany leading the way at €0.45 per kilowatt hour (kWh) compared to €1.35 k@@ Further, natural gas deliveries to European power generation plants surged in 2017, led by a 26.8% rise in Spain, according to the Oxford Institute for Energy Studies.
After a period of decline, an increase in coal prices and the carbon pricing strategy in Europe have led to a 30% rise in electricity generation from gas between 2015 and 2017, according to Ahmed Ousman Abani from Deloitte France. In 2017 alone, Gas generation in the EU rose 12.3%, due to low gas prices, the carbon price, as well as moderate growth in renewables, according to the IEA. Further, natural gas deliveries to European power generation plants surged in 2017, led by a 26.8% rise in Spain, according to the Oxford Institute for Energy Studies.