Gas-fired plants to reap huge subsidies despite uncertain future

29 January 2018 – Gas power plant operators will scoop millions of pounds in state subsidies in coming days to go on standby next winter, but the owner of the UK’s largest gas fleet has warned the fossil fuel faces an uncertain future as a cornerstone of UK energy. Auctions starting on Tuesday for contracts in the capacity market, the government’s insurance policy for ensuring reliable electricity supplies, are crucial to the survival of gas plants. But nuclear, renewables and energy imported from European markets could change British energy provision within two decades, according to Tom Glover, the UK chair of German energy group RWE. Glover said the outlook for new gas plants – quicker and cheaper to build than atomic sites or offshore windfarms – remained unclear. Read the full article on The Guardian website.