SSE slashes coal power by 77% in Q2 2015

Published 11:12 on July 23, 2015  /  Last updated at 14:18 on March 7, 2017  /  EMEA, EU ETS  /  No Comments

Scotland-headquartered utility SSE plc slashed its coal-fired power output by 77% in the second quarter compared to a year ago, while increasing its renewables and gas- and oil-based generation.

Scotland-headquartered utility SSE plc slashed its coal-fired power output by 77% in the second quarter compared to a year ago, while increasing its renewables and gas- and oil-based generation.

In a trading statement for its fiscal first quarter released on Thursday, SSE said it produced 0.41 TWh of coal-fired power due to “poor market conditions”, implying the company will require fewer EU carbon allowances to cover its generation.

It did not elaborate further, but the utility’s coal-based operations were likely hit by a near doubling of the UK’s carbon price floor in April, which currently stands at £18/tonne.

SSE said it increased its output from renewables sources by 35% to 2.2 TWh, and from oil and gas by 10.5% to 2.42 TWh.

The utility gave no information on its forward power sales or on its hedging rates.

By Mike Szabo – mike@carbon-pulse.com

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