SUBSCRIBER NOTE: Platts clarifies formulas used in Coal Switching Price Indicators

Platts has clarified the formulas which are published in the Platts European power and gas methodology guides and used to calculate the Coal Switching Price Indicators.

The formula used to calculate the UK Coal Switching Price Indicator has been amended to the following: UK CSPI_EUR (Eff = 50%, Eff = 45%) = Eff * [Coal_Price/35% + (EF_Coal/35% - EF_CCGT/Eff) * (EUA_Price + UK_CPS)]

The formula used to calculate the Dutch Coal Switching Price Indicator has been amended to the following: Dutch CSPI (Eff = 50%, Eff = 45%) = Eff * [Coal_Price/40% + (EF_Coal/40% - EF_CCGT/Eff) * (EUA_Price + Dutch_CT/40%)]

Further information can be found in the Platts European Electricity assessments and indices methodology guide and the Platts European Natural Gas methodology guide.