While Australia is rushing to close coal plants, the UK is thinking of keeping them running

In Australia a Woke tech-billionaire has decided to “keep” the coal assets in AGL in order to destroy them (like that’s the “free market” at work) . But in the rest of the world, coal is $400 a ton and everybody wants it.

Maybe Australians will get so rich selling coal they can afford to use electricity from unreliable generators instead?

Not behaving like a stranded asset. Trading Economics

Britain could keep coal-fired power plants open this winter

LONDON (Reuters) -Some of the British coal-fired power plants slated for closure this year might need to stay open to ensure electricity supply this winter, the government said on Monday.

Countries across Europe are drawing up contingency plans against potential disruption to flows of Russian gas because of the war in Ukraine. Russia typically supplies about 40% of Europe’s gas.

Britain can generate about 50% of its electricity from gas. Although Russia only meets about 4% of Britain’s gas needs, a significant disruption in supply would affect prices in Europe and make it harder for Britain to secure gas from others.

How screwed is that market when they have to “devise” a framework to […]

via JoNova

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May 30, 2022 at 01:27PM

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