UK plans to lead a clean energy revolution. Government publishes plans to overhaul UK for vital clean energy investment

UK Energy Secretary Chris Huhne announced four new reforms that would create “a level playing field for low carbon technologies in the UK’s electricity market”: A Carbon Floor Price will increase investment in low carbon generation by providing a clearer long term price for carbon in the power sector; Through a proposed ‘contract for difference’ Feed In Tariff, the Government will agree clear, long term contracts, resulting in a top up payment to low carbon generators if wholesale prices are low but clawing back money for consumers if prices become higher than the cost of low carbon generation.; ...