Platts updates Cross-Fuel Comparisons for Dec. 14

The following data was not updated Dec. 14 in EGD due to a technical error with EEX data.

Efficiency-adjusted Platts Cross-Fuel Comparisons: EGD - 14Dec23

(p/th, Eur/Mwh, Eur/GJ, $/MMBtu)

UK gas prices at NBP

Coal CIF ARA

January 93.074 36.872 10.242 11.882

Q1 2024 89.525 35.466 9.852 11.429

UK gas prices at NBP

Balance month 163.480 64.765 17.990 20.871

January 173.780 68.845 19.124 22.186

February 176.580 69.954 19.432 22.543

Q1 2024 175.900 69.685 19.357 22.456

Dutch gas at TTF

January 176.072 69.753 19.376 22.478

February 177.838 70.453 19.570 22.704

Q1 2024 177.410 70.283 19.523 22.649

Fuel oil 1% (NW Europe cargoes)

January 283.191 112.189 31.164 36.154

February 282.879 112.066 31.129 36.114

Q1 2024 282.411 111.881 31.078 36.054

Electricity (UK baseload)

January 240.025 95.090 26.414 30.643

February 248.524 98.460 27.349 31.728

Q1 2024 242.809 96.190 26.720 30.998

Electricity (German baseload)

January 216.048 85.590 23.775 27.582

February 230.865 91.460 25.406 29.473

Q1 2024 219.885 87.110 24.197 28.072

Prices in this table show the cost of electricity generated from each fuel,

taking into account the following plant efficiencies: CCGT gas plant 50% HHV,

coal 35%, fuel oil 32%. Assumed calorific value: fuel oil 17,800 Btu/lb,

Coal 6,000 kcal/ton. HHV high heating value.