UPDATE – Large European utilities report surge in EU ETS-covered fossil generation

Published 16:21 on February 23, 2022  /  Last updated at 19:38 on February 23, 2022  /  EMEA, EU ETS  /  No Comments

Uniper and Endesa both announced a significant year-on-year increase in ETS-covered fossil fuel power generation for 2021, the firms said in financial results this week, with a strong rise in gas-fired output driving the growth as well as a surge in coal burn in the case of Uniper. 

(Updates with details on Uniper’s exposure to Nord Stream 2 and 2021 net loss)

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