Project Discovery – Options for delivering secure and sustainable energy supplies: IET comments to the Office of Gas and Electricity Markets (Ofgem).
The IET welcomes Ofgem’s Project Discovery work and the recognition that a host of barriers need to be addressed to ensure secure low carbon electricity supplies in the future. It is also accepted that electricity prices will have to increase substantially in the future. It is agreed that any market review will make investors nervous and itself introduce risk. Balancing these two positions is difficult, and it is recommended that as swift and well communicated a process as possible consistent with robust working is deployed to minimise these risks.
Submission Details Submitted on 29 March 2010 to Office of Gas and Electricity Markets (Ofgem