Britain’s decision to leave the European Union may push back its planned exit from coal, a mainstay in the nation’s energy supply for more than a century. As the region’s second-biggest economy plans to close its last coal-fired power plant in less than a decade, it will be forced to rely more than ever on imports of natural gas and electricity. By leaving the EU, Britain could lose easy access to foreign supplies through the bloc’s single market, just as it plans to almost triple the number of power cables linking it to European nations by 2022. EDF still expects Hinkley Point C to be constructed within a decade after getting final approval from the U.K. government. Others are less optimistic. “Even if Hinkley is built, it won’t be until the 2030s and clearly there will be a supply gap in the 2020s that needs to be monitored,” UCL’s Dorfman said.
Bloomberg 22nd Aug 2016 read more »