U.K. Coal Plant Profits Increase as Natural Gas May Go to Japan
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Profits from using coal to generate U.K electricity for next winter soared to the highest level in 17 months, on speculation natural gas will be diverted to Japan amid the Asian country’s deepening nuclear crisis.
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. That’s the highest level since at least October 2009, when Bloomberg started compiling the data.