| For the latest sign of how solar and wind is crowding out fossil-fuel generation at Europe’s utilities, take a look at the region’s carbon market. Aggregate open interest, a measure of open trading positions, dropped a record 36 percent as of March 31 from when the annual benchmark contract expired on Dec. 14, according to data from the ICE Futures Europe exchange.
Since utilities typically sell power in advance and buy carbon allowances at the same time, the decline may indicate slowing sales as renewable electricity typically has priority access to grids...............................................Full Article: Source |