The next decade is likely to be a period of intensifying difficulties in the UK electricity generation sector, with very tight capacity margins, and extreme dependence on imported gas, supplies of which will be constrained and prices high.
While this presents an opportunity to renewable generators, government policy must be revised in order to permit market action across the entire sector to ensure a diverse portfolio and broad innovation. Continued market intervention through subsidy and other mechanisms will hamper adaptation to crisis, and stunt research and development, particularly in renewables.
This presentation, given by Dr. John Constable, Director of Policy and Research for the Foundation, provides an overview of the main arguments of the REF publication, Electricity Prices: Fundamental Drives and Probable Trends 2008-2020. The presentation was given at a launch event held in the offices of Clifford Chance, London, on the 22 May 2008
 jc.hs.pricing.22.05.08.pdf |