Saturday, July 12, 2025

Latest

The Green Flip-Flop: UK Wants to Delay Closure of Coal Power Plants Over Blackout Fears

The UK government is proposing delaying the scheduled closure of the country’s emergency coal-fired power plants, in an effort to divert a potential energy security disaster come next winter.

Over fears of potential blackouts thanks to the turbulent uncertainty surrounding Russian energy, National Grid, UK’s energy company, entered into £368 million worth of contracts to keep the Drax, Ratcliffe, and EDF plants online, going as far as to procure additional coal to keep on standby. However, the contracts were only temporary, and the Drax and EDF units are scheduled to shut down by the end of March, and all coal reserves will be sold.

UK energy secretary Grant Schapps wants to keep the plants on standby for yet another year however, because he thinks it would be “crazy” to put the country’s energy security in peril. When The Times asked if he’s satisfied with the plants’ upcoming closures, he responded: “No, I would absolutely want to make sure that we have the resilience there in case we need it, and I’ve already sent instructions to make sure that that would be the case. We’re not going to leave this to chance.”

According to Schapps, the UK needs to keep a stockpile of coal for next winter should it be required. “I’m not going to risk our energy security. I’ll want it on standby for next year, of course, it would be crazy not to,” he explained, adding that the government is in the midst of “investigating what a contract would look [like]” in order to keep the plants open.


Information for this briefing was found via The Times and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Iron Ore And Metallurgical Coal Are Counterintuitively Moving In Wildly Diverging Directions

In one of the most surprising steel-related commodities markets ever, the price of one key...

Monday, September 20, 2021, 04:46:00 PM

China Faces Widespread Electricity Blackouts as Surging Coal Costs Create Supply Shortages

Just as we thought things couldn’t get worse for the world’s second largest economy— along...

Tuesday, September 28, 2021, 02:37:00 PM

EPA Expected To Mandate Coal, Gas-Fired Power Plants Install Carbon Capture

According to media reports, U.S. President Joe Biden plans to introduce unprecedented greenhouse gas emission...

Monday, April 24, 2023, 06:17:00 AM

Global Energy Crisis Continues To Grow; May Not Be Too Late for Investors to Increase Their Exposure to Energy Plays

The global energy crisis seems to grow more acute each day, and the effects of...

Wednesday, October 13, 2021, 03:39:00 PM

Emmanuel Macron Proposes $47 Billion Plan Towards Green Energy, Nuclear Reactor Construction

Despite the entirety of Europe collapsing into a tailspin of energy hyperinflation that has sent...

Wednesday, October 13, 2021, 10:09:00 AM