How much could your business save?Find out now!
Or, you can call us on:0800 411 8830

Coal caught in the EU ‘death spiral’

New research underlines the changes in Europe’s energy: the five biggest power generators saw a 37% loss in value and coal generation drastically fell.

The biggest five generators – Electricitie de France (EDF), GDF Suez, Enel, E.ON and RWE, which collectively represent nearly 60% of Europe’s electricity generation – collectively lost more than €100 billion in 2008–13, according to a Climate Tracker Initiative report.

No single factor or event is wholly responsible for the financial underperformance of Europe’s electricity utilities. Instead, a series of factors including renewable energy technologies, fuel costs and business model decisions have caused European utilities to lose value.

Carbon pricing, energy efficiency and renewable energy are expected to further impact fossil generation in Europe.

Under mining coal?

EU coal-fired generation fell 4.2% in 2008–13. But some of the largest utilities have maintained significant coal capacity.

This may change quickly: the report argues that ignoring the transition to a low carbon economy will have serious consequences. Utilities are already restructuring to split fossil fuels and renewables business.

Investors are taking fright, the Economist reports, to the delight of environmentalists concerned at the water use associated with mining coal such as anthracite and the mercury, acids and soot associated with it burning.

Despite high hopes for so-called ‘clean coal’ technology, cheaper renewables and greater environmental awareness will likely see coal’s popularity continue to decline.

Best business energy

At we realise that, while some companies are just interested in both the getting the cheapest prices for business electricity and gas, others want to know where their energy comes from.

Our dedicated personal switcher can offer expert insight that gives you as much (or as little) information as you want. For a no-fuss 20-minute compare and switch, call us on 0330 0100 251 or fill in the form at the top right of this page.

Related Articles

energy news 21/01/2017

Energy News – 21/01/2017

The week of Donald Trump’s inauguration has seen shaky energy markets, a landmark Brexit speech by Theresa M...

Read More
how business leaders avoid burnout

How business leaders avoid burnout

When you’re a small business owner the buck stops with you, which can make it incredibly difficult to sw...

Read More
how to make 2017 your best year ever

How to make 2017 your best year yet

Whether you heaved a sigh of relief when 2016 ended, or said goodbye to the year with sadness, we have some ti...

Read More
Excellent, 9.7 / 10

Excellent, efficient service

"Mark at Switch My Business has always been extremely helpful and efficient in finding us the best until the deals and handing the transition between old and new companies. Would recommend 100%."

This review was posted by Karl Hopkins on the 24th of January 2017

Very Happy

"Aaron Gallagher provided me with a very good service. Simple switch made easy. Thank You"

This review was posted by Giani on the 24th of January 2017

Mark Weeks

"It was an absolute pleasure dealing with Mark. He was courteous, very customer focused. Mark was able to answer all my questions and was very informed. I would have no hesitation recommending your company. Having been a manager in global blue chip organisation I would not hesitate in employing Mark. A definite asset to any team. Cheerful, polite and a lovely disposition."

This review was posted by Caroline Dyke on the 24th of January 2017

Very helpful and friendly

"Very helpful and friendly - explained it clearly and made the process quick and easy"

This review was posted by Anne O'Hara on the 24th of January 2017


"Mark was a pleasure to deal with and worked hard to provide the best rates and explain what options were available to us without making us feel under pressure."

This review was posted by LORRAINE LAWRENCE on the 24th of January 2017