Britain’s recent decision to leave the European Union may hinder its 15-year plan to shut down coal-fired power stations and decommission all but one of its ageing nuclear plants. The nation, which would lose 23 gigawatts (GW) of power-generating capacity with such measures, would then have to rely more than ever on imports of natural gas and electricity… or not. According to Alex Harrison, counsel at Hogan Lovells in London, who specializes in electricity markets and utilities, coal-fired generation may remain a key part of Britain’s energy supply for longer than planned.
Oil Price 25th Aug 2016 read more »