UK electricity market reform ‘could deter investment’

Power substation

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-Ca