18 Jul '11, 10am

Energy firms predict "negawatt market" could help keep the lights on

The government has been warned it risks harming investor confidence in the UK's emerging "negawatt market", after failing to reveal how it will administer payments for back-up plants and demand management schemes as part of the wide-ranging electricity market reforms whitepaper released last week. The Department of Energy and Climate Change ( DECC) confirmed last week that it will develop a specific "electricity systems policy" designed to enhance grid resilience and flexibility, and address the challenge of meeting high electricity demand at times when weather conditions mean low levels of renewable energy are being generated. FURTHER READING Energy firms plan dozens of new fossil-fuelled power stations Offshore wind bolstered by changes to Oil and Gas Clause The policy, slated to be published next summer, will set out the role of electricity demand management initiatives...

Full article: http://www.businessgreen.com/bg/news/2094644/energy-firms...

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