Bloomberg News

U.K. Energy Policies Will Avoid Blackout Risk, Minister Says

June 27, 2013

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.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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