2 ms·
> "these can be lifted on November 1st (if required), and would radically change the economics of the UK's generation market" How so? Coal-fired power plants a
by Reason077 7y ago
> "these can be lifted on November 1st (if required), and would radically change the economics of the UK's generation market"
How so? Coal-fired power plants are already uneconomic in the UK, and the ones that continue to operate do so with a government subsidy, the "Capacity Market", which essentially pays them to remain on standby in case they are needed.
The European Commission actually ruled recently that the CM was illegal state aid, so if anything, Brexit just means that the CM can continue operating.
https://www.gov.uk/government/collections/electricity-market-reform-capacity-market https://www.gov.uk/government/collections/electricity-market...