U.K. Plans Payment for ‘Negawatt’ to Curb Power Use
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The U.K. will propose paying big power consumers to use less during peak demand periods as part of a plan to overhaul the electricity market due to be drafted by Christmas, Minister of State for Energy Charles Hendry said.
The government may pay major users for each “negawatt” of capacity they switch off, Hendry said in an interview in London yesterday. The proposals, which may form a draft bill for submission to parliament in spring, may also include so-called capacity payments for generators who supply the grid.