Business News • MarketWire • Radical Changes Proposed for U.K. Energy Market, an Industrial Info News Alert |
Radical Changes Proposed for U.K. Energy Market, an Industrial Info News Alert |
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Radical Changes Proposed for U.K. Energy Market, an Industrial Info News Alert
GALWAY, IRELAND--(Marketwire - February 10, 2010) - Written by Martin Lynch, European News
Editor for Industrial Info (Galway, Ireland) -- Energy companies could be
facing a much stricter trading environment in the U.K. if the country's
energy regulator, Ofgem, follows through on a series of radical market
proposals. The regulator has voiced concerns that the U.K.'s energy
supplies will be in crisis within five years because energy companies are not investing enough to safeguard
supplies. As a result, Ofgem's Project Discovery report has proposed a
radical shake-up that includes greater obligations on suppliers, the
introduction of capacity tenders, replacing Renewables Obligation
Certificates (ROCs) with longer-term obligations to encourage more
renewable investment, and even the re-introduction of a central energy
buyer.
View More : http://www.marketwire.com/mw/release.do?id=1115616&sourceType=3
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