09/10/2009
AEP comments on Ofgem Project Discovery
Commenting on Ofgem’s review of Britain’s energy supplies published today (9 October), David Porter, CEO of the Association of Electricity Producers agrees with the regulator’s analysis that the UK needs massive investment in its energy sector to meet demand for electricity:
“We have been saying for many years that we need massive investment in the UK’s energy infrastructure. Companies are already investing in new plant and they want to do more. Over 5GW of new capacity has been granted planning permission during 2009. However, the sums of money required for this investment are massive - £200billion is needed in the energy sector over the next decade.
It is vital that the UK is attractive for investment in energy infrastructure. Important too that the framework set by government enables companies to make the most cost-effective investments".
ENDS
Contact:
Rachel Hunter
Communications Executive
Tel: 020 7930 9390
Direct: 020 7747 2922