Radical Changes Proposed For U.k. Energy Market, An Industrial Info News Alert
GALWAY, IRELAND--(Marketwire - February 10, 2010) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Energy companies could be facing a much stricter trading environment in the U.K. if the country's energy regulator, Ofgem, follows through on a series of radical market proposals. The regulator has voiced concerns that the U.K.'s energy supplies will be in crisis within five years because energy companies are not investing enough to safeguard supplies. As a result, Ofgem's Project Discovery report has proposed a radical shake-up that includes greater obligations on suppliers, the introduction of capacity tenders, replacing Renewables Obligation Certificates (ROCs) with longer-term obligations to encourage more renewable investment, and even the re-introduction of a central energy buyer.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.eu/showNews.jsp?newsitemID=155705, or browse other breaking industrial news stories at www.industrialinfo.eu.
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project spending opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to europe@industrialinfo.eu or visit us online at Industrial Info Europe (http://www.industrialinfo.eu).
Contact:
Joe Govreau
713-783-5147
GALWAY, IRELAND--(Marketwire - February 10, 2010) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Energy companies could be facing a much stricter trading environment in the U.K. if the country's energy regulator, Ofgem, follows through on a series of radical market proposals. The regulator has voiced concerns that the U.K.'s energy supplies will be in crisis within five years because energy companies are not investing enough to safeguard supplies. As a result, Ofgem's Project Discovery report has proposed a radical shake-up that includes greater obligations on suppliers, the introduction of capacity tenders, replacing Renewables Obligation Certificates (ROCs) with longer-term obligations to encourage more renewable investment, and even the re-introduction of a central energy buyer.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.eu/showNews.jsp?newsitemID=155705, or browse other breaking industrial news stories at www.industrialinfo.eu.
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project spending opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to europe@industrialinfo.eu or visit us online at Industrial Info Europe (http://www.industrialinfo.eu).
Contact:
Joe Govreau
713-783-5147