U.K. to Boost Low-Pollution Energy as It Moves to Cap Bills
- Government will release clean power plan and utility price cap
- Carbon capture and offshore wind power are set to benefit
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The U.K. government is moving to boost energy supplies while ratcheting back pollution and limiting upward pressure on customer bills.
The measures will benefit developers of offshore wind farms led by Dong Energy A/S and companies like Tesla Inc., which is seeking to spread cutting-edge technologies from electric cars to home battery systems. It’s also aimed at capping the charges that the Big Six utilities including Centrica Plc can charge on some consumers.