The U.K. government plans to reform the electricity market in legislation designed to enable GBP110 billion investment into low-carbon power generation such as giant offshore wind farms and new nuclear power stations.
The U.K. government plans to reform the electricity market in
legislation designed to enable GBP110 billion investment into low-carbon power
generation such as giant offshore wind farms and new nuclear power stations.
The legislative plans were announced Wednesday by the Queen in the state opening
of Parliament and will include incentives for low-carbon power. It will also
introduce an emissions performance standard designed to prevent construction of
new coal-fired power plants without carbon capture and storage technology.
"My government will propose reform of the electricity market to deliver
secure, clean and affordable electricity and ensure prices are fair," the
Queen told parliament.
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