However, the country intends to build new nuclear reactors and gas fired power plants in an effort to reduce carbon emissions and cut cost.

UK Energy and Climate Change Secretary Amber Rudd said: "Energy security comes first and I am determined to ensure that the UK has secure, affordable, and clean energy supplies that hardworking families and businesses can rely on now and in the future.

"We are tackling a legacy of underinvestment and ageing power stations which we need to replace with alternatives that are reliable, good value for money, and help to reduce our emissions.

"It cannot be satisfactory for an advanced economy like the UK to be relying on polluting, carbon intensive 50-year-old coal-fired power stations."

In 2014, coal power plants accounted to 30% of the power generation in the county while gas fired power plants contributed 31%, nuclear 18% and renewable sources 19% in the country’s total power generation, reported Bloomberg.

Rudd added: "Our determination to cut carbon emissions as cost effectively as possible is crystal clear and this step will make us one of the first developed countries to commit to taking coal off our system."

To meet the European Union target, the UK Government aims to generate 30% of the power from renewable sources.