19 Oct '11, 12pm

Electricity Market Reforms will not be finalised until early 2013

The government's flagship electricity market reforms (EMR) will not be finalised for more than 12 months, prompting calls for the coalition to fast-track legislation that is regarded as critical to efforts to drive £200bn of energy infrastructure investment by the end of the decade. Responding to a recent report from the Energy and Climate Change Committee of MPs on Ofgem's Retail Market Review, the Department of Energy and Climate Change today reiterated its commitment to delivering its EMR package, insisting the reforms will "deliver clean, secure energy at the lowest possible cost". FURTHER READING Updated: More than 280 global investors issue fresh plea for climate action Report: EU to map out rapid shift towards renewables However, the response provided no update on the timeline for passing the legislation that will underpin the EMR. The reforms will enable the new su...

Full article: http://www.businessgreen.com/bg/news/2118339/electricity-...

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