9 hours ago
LONDON – DPA: Coal generation rose to its highest level in the UK in a month, as wind generation fell and morning demand rose, Bloomberg News reported, Friday.
The coal units operated by “Grax Group”, “Uniper” and “Electricity de France” were commissioned yesterday morning, bringing the total energy output generated from burning coal to 1493 megawatts, equivalent to about 3% of demand. Energy prices were stable today at more than £1,000 per megawatt-hour at Thursday’s auction, as natural gas costs continued to rise and winds down, 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.