30/06/2010
AEP response to Committee on Climate Change’s 2nd annual report to Parliament
In response to today’s (30 June) second annual report to Parliament by the Committee on Climate Change, David Porter, Chief Executive of the Association of Electricity Producers, said:
'The electricity generating industry wants to invest to replace ageing plant, comply with the EU Renewable Energy Directive and make the transition to a low carbon industry. It requires £200 billion of investment by 2020 in power stations and networks. Massive investment like that demands a clear and stable framework of policy or investors will not make their money available. It is hard to see the UK's low carbon agenda being delivered with the present framework. We shall work with government to find a cost-effective solution.'
ENDS
Contact:
Rachel Hunter, Communications Executive, 0207 930 9390, .(JavaScript must be enabled to view this email address)