UK trade bodies call for solution to energy crisis

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ENERGY groups yesterday called for more technological investment to solve the UK’s looming crisis after warnings from regulators a future squeeze on production will cause price hikes for consumers.

The chief executive of energy watchdog Ofgem, Alistair Buchanan, yesterday warned a fall in the UK’s power production over the next few years would lead to more energy imports and rising prices.

The UK is slowly closing its coal-fired power plants and turning to gas, but this is coming at the same time as a squeeze on international gas supplies.

The chief executive of trade body Energy UK Angela Knight said: “It is essential that the authorities pay close attention to the transition such as assessing what capacity is needed and what headroom is required.”

via UK trade bodies call for solution to energy crisis | City A.M..

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