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Retiring RWE coal plant transfers capacity market contracts to SSE

The British unit of German utility RWE AG has agreed to transfer the capacity market contracts attached to its retiring Welsh coal-fired power plant to an SSE PLC natural gas-fired plant in Scotland.

RWE Generation UK PLC is shutting down its 1,560-MW Aberthaw B coal plant next year due to challenging market conditions, and will transfer its contracts to SSE's Peterhead Power Station in Aberdeenshire, Scotland, according to an Aug. 9 news release.

"This agreement means the station will be contracted through to September 2022, helping to safeguard customers' power supplies by offering flexible and reliable generation capacity," said Stephen Wheeler, managing director of thermal energy at SSE.

The agreement, which has been confirmed by National Grid PLC, will see Aberthaw's full capacity market volume transferred to Peterhead, totaling 1,051 MW in 2019/2020 and 1,062 MW in 2020/2021, the release said.