The A European Court ruling has thrown the UK’s energy security into disarray by ordering the immediate halt to a £1bn scheme designed to keep Britain’s lights on.
The cornerstone energy security scheme has come to an abrupt standstill after the European Union’s Court of Justice ruled that the UK should not be allowed to pay power plants to stay open.
The shock-ruling wiped hundreds of millions of pounds from the UK’s largest listed energy companies on Thursday and threatens to bring a return of energy market price spikes over the winter.
Meanwhile, experts fear the clampdown could dash hopes for new investment in power plants in the future.
via Tallbloke’s Talkshop
November 17, 2018 at 11:57AM
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