Plans for £110bn investment into electricity generation in the UK have been unveiled in a white paper by the Energy Secretary Chris Huhne.
The radical plans aim to tackle the current challenges facing the electricity market to deliver the biggest reforms since privatisation, which Mr Huhne said will end "25 years of policy dithering."
The reforms include long-term price contracts with domestic nuclear power plants and offshore wind farms and measures to increase low-carbon electricity generation, including renewable energy and carbon capture and storage (CCS) to make electricity prices more stable.
Showing posts with label Scottish Power. Show all posts
Showing posts with label Scottish Power. Show all posts
Wednesday, July 13, 2011
Tuesday, July 5, 2011
Energy companies face investigation over 27pc gap in wholesale price
Forensic accountants hired by Ofgem will scrutinise the wholesale fuel prices paid by the Big Six energy companies, as it emerged there was a 27pc difference in how much suppliers paid for electricity and 15pc in gas last year.
Energy companies regularly use rising wholesale prices as a reason why they raise energy bills for customers – often in quick succession.
Energy companies regularly use rising wholesale prices as a reason why they raise energy bills for customers – often in quick succession.
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