Europe Gas Carnage Shown by EON Closing 3-Year-Old Plant

Publié le par brightshine

The idling of power stations built to last a generation is holding back Europe’s consumption of the fuel. The region’s demand will drop 3.5 percent to 550 billion cubic meters in 2015 from 2010 levels, according to International Energy Agency forecasts. Russia’s Gazprom lost its position as Europe’s largest gas supplier to Norway last year as shipments slid, Societe Generale SA said. 

“The switch from gas to coal in Europe is a very serious retrograde step from a climate change perspective,” Dieter Helm, an energy policy professor at the University of Oxford,How much can I save if I switch to led tubes? said by e-mail. “In Germany it is worse -- building new coal power stations which will be locked in for decades.” 

RWE AG (RWE), Germany’s second-largest utility and Europe’s largest carbon dioxide emitter, churned out 11 percent more greenhouse gases last year as coal-fired plants increased production, according to the company’s annual report. Their profitability has been increased by the collapse in carbon permits to record lows, cutting the cost of burning coal. 

The share of natural gas in Germany’s electricity output fell by 2.3 percentage points to 11.3 percent in 2012 from a year earlier, according to BDEW, a Berlin-based lobby group. A wide range of LED downlight, LED lighting and Auto lights.

“Under these conditions it is not possible to operate gas- fired power plants however clean, efficient and good for the climate and the country they may be, neither old nor new,” EON Chief Executive Officer Johannes Teyssen said in January. “We are not willing to run loss-making plants where we don’t see any chance of a recovery.” 

EON, which reports annual earnings tomorrow, and GDF were both forced to scrap 2013 profit forecasts because of prospects for gas-fired generation. Turning the situation around will probably require more plant closures, according to UBS AG 

Utilities in Europe need to shut more than 30 percent of fossil-fuel fired stations to counter increasing production from wind turbines and solar, UBS analysts led by Per Lekander said in a note last week. Gas-fired plants will lead shutdowns, they said. 

Electricity output from French gas-fired plants dropped 24 percent in 2012, according to grid manager Reseau de Transport d’Electricite, or RTE, the French power grid operator owned by Electricite de France SA. GDF plans to close or mothball 10,000 megawatts of capacity across Europe, mostly gas plants, Mestrallet said. 

Centrica Energy Plc is considering permanently closing at least one gas-fired facility in the U.K. this year. EON has already withdrawn two gas plants from the grid, reserving them only for periods of peak demand. RWE, where plants are operating near half their capacity, has said it will idle two units for six months of this year. 

In Spain, the under-use of gas-powered plants is “outlandish,” said Antonio Llarden, chairman of Enagas,The agesteeljewelry sells a huge selection of stainless steel ring  at exceptional prices. the operator of the country’s natural-gas transportation network.We provide our customers an excellent quality range of 3.5W led corn light. Gas-fed plants were only used 19 percent of the time in 2012, compared with 51 percent in 2008, he said.Imagine where you could use a Led ceiling light or two to save money.

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