• 15 mins EIA Weekly Inventory Data Due Wednesday, Despite Govt. Shutdown
  • 4 hours Oklahoma Rig Explodes, Leaving Five Missing
  • 6 hours Lloyd’s Sees No Room For Coal In New Investment Strategy
  • 9 hours Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area
  • 11 hours Libya’s NOC Restarts Oil Fields
  • 13 hours US Orion To Develop Gas Field In Iraq
  • 3 days U.S. On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World
  • 3 days Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan
  • 3 days Schlumberger Optimistic In 2018 For Oilfield Services Businesses
  • 3 days Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
  • 3 days Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 3 days TransCanada Boasts Long-Term Commitments For Keystone XL
  • 4 days Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 4 days Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 4 days Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 4 days Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 4 days Venezuelan Output Drops To 28-Year Low In 2017
  • 4 days OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 4 days Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 5 days Kinder Morgan Delays Trans Mountain Launch Again
  • 5 days Shell Inks Another Solar Deal
  • 5 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 5 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 5 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 5 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 5 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 5 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 5 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 6 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 6 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 6 days Norway Grants Record 75 New Offshore Exploration Leases
  • 6 days China’s Growing Appetite For Renewables
  • 6 days Chevron To Resume Drilling In Kurdistan
  • 6 days India Boosts Oil, Gas Resource Estimate Ahead Of Bidding Round
  • 6 days India’s Reliance Boosts Export Refinery Capacity By 30%
  • 7 days Nigeria Among Worst Performers In Electricity Supply
  • 7 days ELN Attacks Another Colombian Pipeline As Ceasefire Ceases
  • 7 days Shell Buys 43.8% Stake In Silicon Ranch Solar
  • 7 days Saudis To Award Nuclear Power Contracts In December
  • 7 days Shell Approves Its First North Sea Oil Project In Six Years
Alt Text

Federal Regulators Deal Huge Blow To The Coal Industry

The Federal Energy Regulatory Commission…

Alt Text

The Death Of Europe’s Coal Industry

A recent report suggests that…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

The Brexit Gives A Lifeline To British Coal

British Coal

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.

Speaking to Bloomberg, Harrison said Britain’s planned exit from the EU will make access to cleaner sources of fuel challenging, which in turn may mean the country will have to keep coal-fired generation past its self-imposed 2025 deadline.

With this, the nation would also fail to meet its obligation under the 2008 Climate Change Act to reduce greenhouse gases to 80 percent below their 1990 level by 2050.

Former Energy Secretary Amber Rudd had said that if coal power plants were able to install carbon capture and storage (CCS) before 2025, they would not have to close.

That approach has led to a boom of investments in heavily subsidized low carbon technologies in recent months, but as Jonathan Ford wrote for Financial Times (subs. required), “it has not added a single megawatt to Britain’s overall capacity.” On the contrary, it has actually been shrinking:

The UK’s main transmission company, National Grid, has just warned that the nation’s margin of supply might shrink to 0.1 percent this winter — down from 17 percent five years ago. Related: Can Fire Ice Replace Both Oil And Renewables?

If there is little danger of the lights going off, that is mainly because the grid has kept open some dirty old coal-fired stations that would otherwise have shut by striking temporary supply contracts with them. When these are taken into account, the margin creeps up to a more respectable 5 percent.

Last year, Britain shut down it last underground coal mine, putting one of the last nails in the coffin of the 300-year industry that once employed over a million workers.

Yet, the fuel still accounts for about 25 percent of the UK's power supply.

By Cecilia Jamasmie via Mining.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News