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It is expected that gas and gas-fired power plants will constitute an important part in the European energy sector in the foreseeable future. In the long run the role of natural gas is formed through dynamic interplay between market forces, energy and technological development.
The Elcertificate scheme counteracts the effects of falling electricity prices for investors in renewable electricity. For heat production from bioenergy, however, the Elcertificate system has the unintended effect of weakening its competitiveness towards renewable electricity.
In the public debate, the rapid growth in wind and PV capacity is often blamed for low spot market prices. Fact is, while renewable developments contributed somewhat to the price decline, the main reason for low power prices on the Continent and in the Nordics are reduced fuel and carbon prices.