The owner of what was once the U.K.’s biggest coal plant joined a growing list of companies jostling for position to fill a potential energy gap if the government drops plans for an 18-billion pound ($23 billion) nuclear station in Somerset. Andy Koss, chief executive office of Drax Group Plc., said biomass is the U.K.’s most cost-effective form of energy on a whole-systems cost basis. The company, which converted three of its six units to biomass from coal, “stands ready” to convert the remaining three, he said. Biomass would be “the cheapest” source of energy if all costs of running a plant were considered he said, including the need to balance the variability of other renewables as well as providing back-up capacity.
Bloomberg 25th Aug 2016 read more »