U.K. energy bill aimed at boosting nuclear, avoiding gas

Bloomberg: The British government will today propose an electricity-market overhaul to boost spending on low- carbon power generation and avoid a run on natural gas. The draft law will guarantee prices for nuclear and renewable energy and pay producers for providing back-up supply when wind power falls short, according to the Department of Energy and Climate Change. It's aimed at securing commitments from utilities to fund new reactors and clean-power projects, curbing reliance on gas-fed plants. Power...

URL: http://www.businessweek.com/news/2012-05-22/u-dot-k-dot-energy-bill-aimed-at-boosting-nuclear-avoiding-gas