Britain: 12 GW of power plant capacity to be taken offline by the end of 2023

13/03/2014 11:36 Electricity Market


About 12 GW of power plant capacity might be taken offline in Britain by the end of 2023, because of tougher European Union pollution laws, according to Reuters estimates published on Wednesday. Britain’s main goal is to ascertain a varied, low-carbon and efficient energy mix so as to cut emissions and offer consumers the best transaction, as stated by a spokeswoman from the UK’s Department of Energy and Climate Change.

The power capacity of the old nuclear power stations in Britain will probably be severely slashed over the next nine years, while the coal and gas plants might be closed since they are not able to establish expensive technology aiming to reduce greenhouse gas emissions so as to be in conformity with EU regulation. Among the plants likely to be shut down by 2023, are as well those operated by SSE Plc, EDF and RWE. However, the list is not yet final, as operators can still change their minds until January 1, 2016. The power plants have to manage and to diminish the impact of their emissions on the environment, according to the EU ruling. In the majority of the cases, this entails installing costly technology. Finally, the operators of the plants should inform their green regulator about the stations with no such technology. Plants can normally function without improvements for almost 17,500 hours starting from January 1, 2016 to the end of 2023, no matter which one is the first. The situation in Britain is more delicate. The analyst at Energy Aspects consultancy firm, Trevor Sikorski, emphasized that 12 GW might slightly curb capacity margins by the end of the decade, from the moment of the plant closures.

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