UK needs competitive energy market – Lord Hollick

The economic committee of the House of Lords criticised the UK government for excessive intervention in the energy market, and has asked for free auctions The economic committee of the House of Lords criticised the UK government for excessive intervention in the energy market, and has asked for free auctions.
By Silvia Favasuli 24 February 2017 0 24143
The economic committee of the House of Lords criticised the UK government for excessive intervention in the energy market. (UK House of Lords, Flickr)

UK energy policy has failed to ensure a secure and affordable power supply, according to a report published on Friday by The House of Lords’ Committee on Economic Affairs. Clive Hollick, chairman of the committee, spoke to Interfax Natural Gas Daily about the findings of the report, which included strong criticism of the Hinkley Point C nuclear project and called for a four-fold increase in government spending on energy R&D.

Clive Hollick (House of Lords 2017, Roger Harris)Clive Hollick (House of...

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