Britain still requires large-scale power plants to ensure the country’s energy system has adequate back-up supplies at times of peak demand, according to the new chief executive of Drax, the power company. The latest auction for back-up electricity generating capacity earlier this month ended with contracts awarded at prices well below those required to incentivise construction of new large-scale gas power plants. The results have sparked debate about the need for such plants at a time when renewable energy is on the increase. But Will Gardiner, Drax chief executive, said “my view is the system needs large-scale generation and flexible generation”.
FT 27th Feb 2018 read more »