Low profit margins for gas-fired power generation in the UK has resulted in 2 GW of plant mothballing this year, UK utility Drax said on Tuesday.
Drax, the largest coal-fired power generator in the UK, said the estimated average load factor for January to May 2011, based on settlement data, was 47% for combined cycle gas turbine (CCGT) plants compared with 74% for nuclear.
The relatively low utilisation of gas-fired power plants was due to the low green spark spreads – the profit of generating power after...
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