U.K. Gives Details of Nuclear, Renewable Power Contracts
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The U.K. published details of proposed power contracts for nuclear and renewable energy generators in an effort to spur the 110 billion pounds ($170 billion) of investment it’s seeking through 2020.
Draft contract terms were spelled out in a 168-page document posted today on the website of the Department of Energy and Climate Change, while the methodology for how contracts will be awarded are detailed in a 46-page paper. They describe so-called contracts-for-difference that the government will use to guarantee the power price paid to new plants.