Half (49%) of the net electricity generated in the EU-28 in 2017 came from combustible fuels (natural gas, coal and oil), while a quarter (25%) came from nuclear power stations. Among the renewable energy sources, the highest share of net electricity generation in 2017 was from wind turbines (11.4%), followed by hydropower plants (10.4%).

Germany plans to phase out all coal-fired power before 2038. For European power prices, a German coal phase-out is clearly bullish, with an average price increase across all directly interconnected markets of €0.2/MWh for the 2019 to 2022 period and €2.2/MWh for the period 2023 to 2030.

That's the findings from the RWI Institute. The phasing out of coal could raise the wholesale price of electricity on the exchange by around 20%. Germans are already paying the highest prices for electricity in Europe. Retail electricity will be more expensive, because the expansion of renewables will be financed by the EEG tax and grid fees will rise.

In the EU the share of total production costs covered by electricity sales fell from 77% in 2010 to about 60% in 2017 and looks set to continue declining. Such unsatisfactory market signals led many European utilities to broaden their exposure to global markets by means of deep business restructuring and reorganisation.

Danish electricity producer Ørsted announces its intention to issue a benchmark-size subordinated green hybrid capital security with a maturity in 3017 and first par call date after 7 years and a benchmark-size euro-denominated green senior unsecured bond with a maturity of 12 years. Ørsted invited holders of its outstanding bonds to tender them for purchase.