“Richard Howard, head of energy at influential think tank Policy Exchange, estimated that a new gas plant might require guarantees of up to £40 million in subsidies per year, for 15 years – roughly double the level currently on offer – in order to get built.
“He said the lack of new gas plants was “not currently a problem” but said there was a risk “the cost of bringing on new capacity could increase” as more plants close in coming years.”
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Richard Howard
