Coal value down due to carbon pricing

Carbon pricing is driving down the profitability of coal in the UK, says Ofgem, but government must address a future carbon price

A decision on the carbon price floor after 2021 is expected in budget. Photograph: Julian Fletcher/123RFCarbon pricing is forcing the decline of coal-powered generation, according to a report by regulator Ofgem.

The analysis comes ahead of the budget, where a decision on the future carbon price is needed to avoid undermining the next carbon capacity auction in early 2018.

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