U.K. Signals Effort to Scrap Barriers Blocking Renewable Energy

The U.K. government indicated it’s looking for ways to knock down hurdles blocking renewable energy developments, part of an effort to attract 110 billion pounds ($171 billion) in low-carbon investment.

The Department of Energy and Climate Change asked the industry to provide evidence about what barriers it faces in reaching power-sales agreements with utilities, noting that some generators were reporting more unfavorable terms.

“The government would also like to see a diverse electricity market with reduced barriers for new entrants, and renewable developers are an important part of this,” the department said in a statement released on its website in London today.

Companies have until Aug. 16 to provide evidence, which will help shape energy legislation published in a draft form on May 22. Parliament will consider proposed rules later this year.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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