Reform of energy market is needed this year - 01/03/2011
Reform of the cheap energy market is necessary to encourage a mix of energy sources and to create incentives to invest in green power generation, the chief executive of National Grid has said.
In an interview with the Guardian, Steve Holliday noted that government interventions will be required to see whether Britain can meet its ambitious carbon emission targets.
"This is a very important year - it will be pivotal," he pointed out.
"We are seeing huge changes and we urgently need to rejuvenate the UK's energy infrastructure. We need joined-up government and real commitment."
Mr Holliday explained that the country's installed capacity of cheap electricity generation will have to increase from 75GW to 100GW by 2030 in order to meet rocketing demand.
The need for electricity will grow as vehicles switch from petrol to electric and electricity replaces cheap gas for heating homes, Mr Holliday added.
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