Iberdrola sees EU ETS-covered gas generation double in Q1 as hydro slumps

Published 11:32 on April 27, 2022  /  Last updated at 11:32 on April 27, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

Spanish utility Iberdrola marked a 112% year on year rise in CCGT power output covered by the EU ETS in Q1 2022, with the gas-fired output soaring to make up for unusually low hydro supply amid drought-like conditions in Iberia, the utility said in quarterly results on Wednesday.

Spanish utility Iberdrola marked a 112% year on year rise in CCGT power output covered by the EU ETS in Q1 2022, with the gas-fired output soaring to make up for unusually low hydro supply amid drought-like conditions in Iberia, the utility said in quarterly results on Wednesday.

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