Wind and solar power generation across EU markets peaked at 123 GW Aug. 17 amid a spell in the wind that helped ease record spot power prices, grid operator data aggregated by WindEurope show. The brief surge in wind reduced demand for gas and coal generation with average generation costs for such plant now exceeding Eur100/MWh ($118/MWh), S&P Global Platts data show. Generation cost for a 50% efficient gas plant rose above Eur117/MWh both for September and Q4 2021, boosting forward power contracts as fuel and carbon costs hit record highs. Excluding carbon, gas-fired generation costs across the Northwest Europe region were still around Eur96/MWh as TTF gas prices soared to Eur47/MWh, […]