ScottishPower is demanding the Government overhaul one of its key energy policies after the company’s proposed new gas power station missed out on subsidies for keeping the lights on in favour of old coal plants. Neil Clitheroe, a senior executive at the energy giant, said making consumers pay almost £130m to keep polluting coal plants running through winter 2020-21 instead of investing in cleaner new gas plants was a “waste of money”, given the coal plants were scheduled to close by 2025 anyway. The subsidies, which will be paid for on energy bills, were awarded through the Government’s annual “capacity market” auction earlier this month. ScottishPower, owned by Spain’s Iberdrola, failed to secure a subsidy contract to build a 1.4 gigawatt (GW) combined cycle gas turbine (CCGT) plant at Damhead Creek in Kent.
Telegraph 17th Dec 2016 read more »