SSE to Shut Last Coal Power Plant as It Struggles to Compete With Gas, Renewables
13 Junho 2019 - 10:05AM
Dow Jones News
By Carlo Martuscelli
SSE PLC (SSE.LN) said Thursday that it plans to close its last
remaining coal power station due to it no longer being economically
viable in the face of competition from gas- and renewable-energy
sources.
The energy company said that the Fiddler's Ferry power station,
in northern England, which has an operational capacity of 1,510
megawatts, employees 158 people. Following the closure, SSE said it
hopes to be able to redeploy at least some of the plant's
personnel.
The U.K.-listed company said it is beginning consultation with
both employees and trade unions, with a view of shutting the plant
by March 31, 2020.
The plant is currently loss making, and has had limited success
in power-market auctions. The company also cited environmental
considerations for its decision.
"SSE itself has adopted a target to reduce the carbon intensity
of the electricity it generates by 50% by 2030, compared to 2018
levels," it said.
It also said that its Peterhead gas-fired power station,
Scotland, wasn't able to secure a conditional capacity market
agreement for the year from October 2019 to September 2020. It said
that the plant will continue to operate this winter regardless.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
June 13, 2019 08:50 ET (12:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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