Thursday, May 10, 2012
nuclear power, through a complex new system of feed-in tariffs and long-term contracts as part of a wider package of reforms to the electricity market. There will also be a shakeup of another system of privatised utilities, through a water bill that will make it easier for organisations to switch water suppliers and encourage new entrants into the market. But the proposals set out in the Queen's speech held no surprises, and few details of how the reforms will work in practice. On both sets of new regulations, large areas of policy detail remain unclear. Some energy experts fear "contracts for difference" in the electricity market – the centrepiece of the electricity market reforms – may be too complex in practice. The government said the system – by which suppliers of low-carbon electricity, from nuclear or renewable sources, could sign long-term contracts of supply at a preferential rate – "would provide more certainty of revenues for low-carbon generation and make investment in clean energy more attractive".
The information and data contained on this website was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided on this website is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed on will be the full responsibility of the person authorizing such transaction.