Commenting on the announcement of the Energy Bill, Keith Anderson, Chief Corporate Officer ScottishPower, said:
“We welcome the Government’s commitment to the EMR programme to deliver investment in low carbon generation needed over the next decades and in sticking to the agreed timetable. Legislation to bring forward a new incentive mechanism for investment in much needed large scale low carbon investment, together with a capacity mechanism to guarantee secure supplies, is now vital. We now need to consider the material provided today and look forward to further detail as it is developed – it is inevitably a complex system and we all need to work together with the Government on designing a workable approach and delivering it on time.”
“Where there is a clear long term commercial and regulatory framework, Iberdrola and ScottishPower will invest. Iberdrola have committed to centre investment efforts in the UK with £3.5billion of investment allocated (42% of total global investment) between 2012-2014.”
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Press release, November 30, 2012; Image: ScottishPower