Investment in energy generation 'vital'

Fix energy prices until 30th September 2017

Looking to switch your business energy supplier? Click here

Use our OFGEM accredited comparison tool to compare the whole market today.

The government should ensure there are no obstacles to vital investment in power generation across the UK.

Andrew Duff, chief executive officer of RWE npower, has said that "early and significant" investment is needed in nuclear energy and other forms of power generation in order to push the UK forward.

He added the investment was needed in order to "bridge the energy gap" which could form over the next years from the closure of older coal and nuclear power stations.

Mr Duff stated: "Without major investment in UK energy infrastructure over the coming years, the UK faces shortages in the approach to 2015."

He spoke as RWE npower secured grid connections for its new nuclear energy station at Wylfa, located on the Isle of Anglesey.

The firm, one of the largest energy suppliers in the UK, recently launched a new scheme to promote energy-efficiency to small businesses over the festive period.

It claims that companies could be wasting up to £7 million a day due to poor energy efficiency.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.