U.K. Coal Plants Killed Off One by One as Profit Declines: Chartby and
Coal’s days in U.K. power are numbered. By the end of March, SSE Plc will probably have closed almost all its coal generation in the U.K. after the clean-dark spread, a measure of the profitability of burning the fuel, turned negative. Margins were hit by a 25 percent drop in power prices in the past year and an 88 percent increase in April in a carbon tax to help fight global warming. The government plans to close all stations burning coal by 2025.