The head of Drax Group, Dorothy Thompson, says they are willing to accelerate the closure of its coal-fired power units in return for green energy subsidies to help develop its biomass power facilities.
A court has found in favour of one of the UK's biggest power generators, Drax Group, who had appealed against a decision by the government's Department for Energy and Climate Change not to accept eligibility of two of the company's units in an incentive scheme.
The chief executive of Drax believes coal may still have a role in maintaining the UK's energy security if the government fails to build sufficient alternative capacity to cope with the closure of coal-fired power plants.
UK's largest coal-fired power generator has shelved plans to build a dedicated biomass unit but said it is ready to invest heavily in co-firing facilities, which mix environmentally friendly biomass with coal, if enough government support is forthcoming.
British power group Drax could be set to mothball its coal-fired power plants as low gas prices, competition from renewables, withdrawal of government support and the UK's plan to close coal-fired plants by 2025 all take their toll.