The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi Hel you could be right and I really hope you are after all I'm here to make money at loss it. However the stock is dropped because of the decline in coal price and has only risen because coal price is up if coal drops again
Fromage I do both, trade in a separate account and still hold in the isa account,personally I have found much greater profits in holding but saying that was when tga was climbing now its dropped and many traders are fully aware of this stock.
Past mouth sp has drop 16% . Was not expected to see these levels again, at least in till the winter was done ,could this be the perfect opportunity to load up or are the tables being to turn and we the downward trend continue?
One of Britain's last coal-burning power facilities is to be kept open for two years longer than planned as the energy crisis deals a blow to the green agenda.
The German energy giant Uniper is poised to keep the unit, at its Ratcliffe-on-Soar power station in Nottinghamshire, open until 2024 after an appeal from ministers - after initially intending to shut it in 2022.
National Grid on Wednesday also left the door open for extending the life of other coal-fired plants.
The moves risk hurting Britain’s ambitions to cut carbon dioxide emissions little more than a year after it hosted the COP26 climate conference, and highlights strains on the energy system following Russia's invasion of Ukraine.
Coal supplied more than 40pc of Britain’s electricity as recently as 2012, but this has fallen to 1.5pc across 2022.
Under efforts to cut carbon emissions, it has largely been replaced by other sources in the generation mix, such as gas, wind and biomass.
Coal-fired power plants have been rapidly closing as their owners move into greener forms of energy.
Under a target set in October 2021, the Government says Britain will stop using coal to generate electricity altogether - an important step on its path to net zero carbon emissions.
However, last year, Kwasi Kwarteng, then business secretary, asked the owners of units that were due to close in September 2022 to keep them open this winter to prevent blackouts.
His successor Jacob Rees-Mogg then asked Uniper to keep its unit open for next winter (2023/24) as well.
There have been major concerns over electricity shortages amid disruption to gas supplies triggered by Russia’s war on Ukraine and outages in the French nuclear fleet.
EDF, Uniper and Drax agreed to keep units open for back-up supply if needed this winter under special winter contingency contracts with National Grid.
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Uniper is now also preparing to keep open one of its units next winter (2023/24) as well, under National Grid's normal market for back-up power supply. It was due to close in September 2022.
It is one of four units at its station in Ratcliffe-on-Soar, Nottingham. The other three were always planned to remain open until September 2024.
Gas supplies are likely to remain extremely tight this year as countries look to refill stocks with much less from Russia, while nuclear power plants in Britain also closed last year.
Meanwhile, more of Britain’s electricity is coming from intermittent wind and solar power, posing challenges for balancing the system.
Uniper said: “As requested by the Government, Uniper is now looking at whether we can make the unit available to run under standard market arrangements until the September 2024 coal phase out date.
“We have prequalified the unit to take part in the capacity market T-1 auction for 2023/24 [an auction for back-up power].
“This means further investment to extend the life of the unit. The power station is set to close at
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