The Energy Bill was published at the end of November, almost a month later than expected, after differences within the Government over how best Britain should meet its future energy needs and fall into line with its own and European carbon emissions goals.
Designing a policy that would give investors the confidence to put up the estimated £110bn required over the next decade to build new power supply sources to replace aging coal and nuclear reactors, to increase capacity and to upgrade the country’s power distribution networks was the major issue which had to be addressed. But ministers and officials, with the input of the energy industry, were also effectively deciding which forms of power generation Britain wants to rely on in the future.
See full Article: http://www.telegraph.co.uk/sponsored/earth/statoil/9802172/energy-bill-investment-balance.html?WT.mc_id=605481&source=TrafficDriver
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