Energy Secretary Ed Davey urged
lawmakers to back away from immediately imposing targets for
carbon emission from U.K. power plants, saying legislation being
considered now will make a “massive” reduction.
His department estimated the law being considered in
Parliament tomorrow will stimulate 110 billion pounds ($168
billion) of investment in power stations and the electric grid.
It includes guaranteed power prices for atomic reactors and wind
farms and payments for gas plants that remain available to
smooth peaks and troughs of intermittent renewable generation.
