UK needs competitive energy market – Lord Hollick24 February 2017
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.
Interfax Natural Gas Daily: In its report, the committee stresses the importance of having a more competitive market to lower the cost of energy and recommends introducing a single auction for electricity generation capacity. Why?
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