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U.K. Coal Plant Profits Increase as Natural Gas May Go to Japan
Mar. 15, 2011 11:05AM PST
Industrial Metals InvestingBloomberg reported that profits for UK coal plants rose in response to predictions that some energy will be diverted to Japan.
Bloomberg reported that profits for UK coal plants rose in response to predictions that some energy will be diverted to Japan.
The market news is quoted as saying:
Profit from using coal to generate power in the U.K. for next winter, the six months from October, rose 7 percent to 14.67 pounds ($23.56) a megawatt-hour in London.