Related Articles
Fossil fuels remain an important player in Europe’s power mix
Outlook 2022
Forward article link
Share PDF with colleagues

Outlook 2022: Fossil fuels still have generation role to play

Extreme price volatility as electricity systems adapt to greater intermittent renewable penetration serves as a reminder of the role legacy assets still have to play

We have experienced a year of great change and volatility in global energy markets, as the world has gradually recovered from the Covid-19 pandemic. Power generation from renewable sources took on greater importance as countries looked to meet their net zero requirements, coal plants were phased out and many countries relied on gas-fired generation as a transitional resource when the wind did not blow or the sun did not shine. Soaring gas prices—due mainly to reduced supplies and higher demand as the world came out of the pandemic—regularly put electricity systems under pressure. The wholesale price of gas in December 2021 was approximately five times that of December 2020. Are these trend

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US renewables sector faces near-term challenges
26 January 2022
Supply-chain issues and rising costs present short-term difficulties for sector poised for rapid growth
INOC sets the stage for oil uptick
26 January 2022
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
TotalEnergies quits Myanmar
25 January 2022
The French major is transferring its stake in the Yadana gas field to its partners
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video