Over the next 10 years, we’ll lose around a third of the UK’s generating capacity, as a result of having to close ageing power stations.
We’re determined to ensure reliable supply and we’re aiming to provide secure supplies of energy through a multi-billion pound investment new build programme. We believe the only answer for this race to replace is to have a range of generation options, not just to keep the lights on, but to keep energy affordable and to reduce carbon emissions.
We’re developing renewables projects as well as cleaner coal, gas and new nuclear, and constantly investigating new ways of improving power generation and reducing related emissions.
We’re currently building a gas storage facility at Holford in Cheshire. Gas storage will help to smooth out extreme prices by providing a supply of gas which is secure and which can be used at periods of high demand.
As a group we’re investing £50 million in new technologies and approaches over 10 years, through the Energy Technologies Institute. We’re helping to develop solutions to create a low carbon society and changing the way energy is produced and used.