Background

The energy transition calls for more affordable and cleaner electricity, driving a shift in power generation from fossil-based sources to variable renewable energy (VRE) technologies. However, thermal generation assets remain essential to ensure grid stability and energy security. While future energy outlooks project a fairly constant thermal generation capacity, the utilisation factor of these assets is expected to decline significantly, potentially leading to revenue erosion. At the same time, fixed and maintenance costs are likely to rise, creating pressure on asset profitability and discouraging investments in new thermal projects.

To adapt, thermal plants must become more flexible, with designs that can accommodate frequent start/stop operations. Understanding the evolving economics, market mechanisms, and regulatory frameworks is critical for stakeholders across the turbomachinery value chain.

To support this transition, the ETN External Taskforce on the “Profitability of Thermal Assets” is launching an online webinar series consisting of six interactive sessions. These will take place from September 2025 to March 2026, providing participants with a structured introduction to the economics of thermal power assets and electricity markets.

Abstract of the webinar

ETN Global is inviting you to the third episode of its webinar series on the “Profitability of Thermal Assets”, which will take place on Wednesday, 25 November from 15:00 to 16:30 (CET).

During this online webinar, two presentations will be delivered by Elia, the Belgian TSO:

• A first intervention by Louis Magein (Manager Adequacy Studies, Elia) on the key conclusions of Elia’s most recent Adequacy & Flexibility Study that covers the period 2026-2036. Focus will be on the impact of the expected energy market evolutions in Belgium on dispatchable generation technologies (e.g. expected running hours, etc).
• A second one by Julie Van Steen (Program Manager Adequacy, Elia), consisting of a broad overview of the main principles of different capacity remuneration mechanisms and of a detailed insight in the functioning of the Belgian CRM. Focus will be on the impact of this support mechanism on the competitiveness and profitability of dispatchable generation technologies.

Registrations

Registrations are free, but mandatory to attend the webinar. To register, please visit the following page.