Coal generation is on the rise in Britain

Coal generation is on the rise in Britain
Coal generation is on the rise in Britain

Coal generation rose to its highest level in the UK in a month, as wind generation fell and morning demand rose, Bloomberg News reported yesterday.

Coal units operated by Grax Group, Uniper and Électricity de France were commissioned this morning, bringing the total power output generated from burning coal to 1,493 megawatts, equivalent to about 3% of demand.

Energy prices stabilized today at more than £1,000 per megawatt-hour at yesterday’s auction, as natural gas costs continued to rise and winds fell, leading to an increase in coal generation.

“The UK may increase reliance on coal power production in the short term amid rising gas prices, making coal commercially viable in the short term,” Royal Bank of Canada Europe said in an email.

It is noteworthy that energy prices in Europe jumped to record levels recently, amid expectations of further increases due to the exacerbation of the shortage of supplies with the onset of the winter season.

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