January 6, 2017    1 minute read

Wind Power Surpasses Coal

   January 6, 2017    1 minute read

Wind Power Surpasses Coal

The UK produced more energy from wind turbines than from coal fired power plants for the first time.

Editor’s Remarks: Coal’s contribution to the overall supply of energy to the UK market stood at 9.2%, falling below 10% for the first time, which is surprising given that in 2015 it accounted for 22.6% of the energy mix. The primary driver for this has been the UK government’s target to cull all use of coal power by 2025, through a suite of carbon taxes making coal as an energy source uneconomical. However, with the decline of coal, much of the spare capacity has been taken by gas as opposed to other renewable sources of energy.

What to watch: Drax Group Share Price, Centrica Share Price, Natural Gas Prices, Coal Prices

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