S&P Global to launch new European base and peak spark spread calculations June 1

S&P Global Commodity Insights will launch new peakload spark spread calculations for German and UK power markets, and baseload and peakload spark spread calculations for France and the Netherlands, with the launch date postponed to June 1, 2022 from May 3, 2022.

The new calculations were originally proposed on March 10 in a subscriber note published here: https://www.spglobal.com/commodity-insights/en/our-methodology/subscriber-notes/031022-s-p-global-commodity-insights-proposes-new-base-peak-spark-spread-calculations

New spark spread calculations will provide the market with greater insight into margins for gas-fired power plants. With coal and nuclear phaseouts ahead, gas is becoming increasingly important for power generation across Europe in the longer term.

To align with its existing offerings, S&P Global will also publish corresponding clean baseload and peakload spark spreads, as well as clean spark spread plus carbon price support (CPS) levy for the UK only. The spreads will be calculated for gas plants with efficiencies of 45%, 50% and 60%.

The new spark spreads will be measured in Eur/MWh for France, Germany and the Netherlands, while calculations for the UK will be in GBP/MWh.

The methodology of the existing spark spreads can be found here https://www.spglobal.com/commodity-insights/PlattsContent/_ assets/_files/en/our-methodology/methodology-specifications/ european_power_methodology.pdf

The new calculations will be published in European Power Daily, European Gas Daily, Platts Dimensions Pro, fixed pages PEP0639, PEP0644, PEP0660, PEP0645, PEP0668, PEP0641 on a daily basis. Please address send feedback and questions to power@spglobal.com and pricegroup@spglobal.com.

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