UK warned of 'too many levers' as power reforms are launched

As its government officially launched its long-awaited power market reforms, the UK was warned that its clean-energy ambitions could be threatened by the scale and complexity of the changes it is undertaking.

Energy Secretary Ed Davey launched the draft Electricity Market Reform (EMR) legislation today as the centerpiece of the UK’s efforts to offer the stability and visibility needed to underpin a £110bn ($173.5bn) investment in the nation’s energy infrastructure.

Davey confirmed the broad thrust of proposals that were already in the public domain. But the industry will have to wait until next year for the first detailed EMR "Delivery Plan".

While welcomed as another step down a long road, today's announcement did little to calm the industry's nerves at the complexity of reforms being…

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