Energy UK statement: response to European Commission state aid announcements
In response to the European Commission's announcements on UK Capacity Market and UK aid package for renewable electricity production, Energy UK said:
"Millions of pounds of investment in energy will be unlocked as a result of today’s news that the European Commission has approved the UK’s Electricity Market Reform package.
The renewable Contracts for Difference will bring on new low carbon electricity generation at the lowest possible cost for customers. The switch to a low carbon economy will also be easier as the Capacity Market will make sure we have enough reliable providers of electricity to keep the lights on."