The U.K. will avoid power cuts as a result of announcements to be made later today on shale gas, a market for power generation capacity and renewable energy contracts, Secretary of State for Energy and Climate Change Ed Davey said.
“We will be talking about draft strike prices, about contract terms and about the capacity market,” Davey said in a speech at an energy conference hosted by the Economist in London today. “The combination of the announcements that we’re making will mean that the lights of the country will stay on.”
“We will continue to need to maximize the potential of the U.K. continental shelf,” he said.
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