UK electricity market reform ‘could deter investment’
A recent proposal to implement a capacity mechanism in the UK has sparked concern that government intervention could stifle infrastructure development.
A number of energy market players, including investment bank Evolution Securities, warn the UK's electricity market reform (EMR) could raise the risk of energy shortages.
The UK is expected to face a capacity shortage starting from late 2015, as nearly 12 gigawatts of coal and oil-fired capacity will have to be decommissioned by then to comply with EU emissions standards.
The government published an EMR white paper, Planning Our Electric Future: A White Paper for Secure, Affordable and Low
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