Arnue Tan, BNEF European Power Team · Switched On · Europe's Power Markets Face a New Balancing Act
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Described the “dunkelpflouter” scenario where low wind, high demand, and limited renewable output force reliance on gas, tightening the market
“‘When wind and solar have reached a saturation point, the next best thing is a gas plant… gas plants are affected by cost of gas and carbon, which leads prices up.’”
“All refineries in India are operating at 100% or more capacity utilization. Reliance refinery ... can sometimes go even as high as 115, 120%”
“So high, low, buffalo is this simple game where high is you share something that's been going well for you. Low is something that hasn't been going so well for you. And then buffalo is something interesting about you.”
“High inventories have been high for four or five years… demand is actually building out with demand versus building out ahead of demand.”
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