Gas and coal generators saw huge windfall from September price spikes

The power price spikes in September brought massive windfalls for gas and coal generators, with a number of power stations each raking in tens of millions of pounds in profit during the month, according to analysis by LCP. Rajiv Gogna, a partner at the consultancy, said its monthly ranking of estimated profits by generators was “completely dominated” by combined-cycle gas turbines (CCGTs) and coal plants.

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