(Bloomberg) — The UK plans to reform its flagship electricity security program to make possible its goal of a carbon-free power grid by 2035.
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Proposed changes would mean emissions limits for fossil fuel plants from 2034 and offering multiyear contracts for large consumers in order to cut demand, according to the department for Business, Energy and Industrial Strategy.
With an ambitious goal to install 50 gigawatts of offshore wind power by the end of the decade, the UK needs enough back-up to keep the lights on when it’s not windy. Now, gas is largely used to plug the shortfall, with generation reaching a three-year high in Britain last year. This needs to change within the next decade to decarbonize electricity supplies.
“As we move towards cleaner and cheaper energy, it is essential that the UK provides secure and affordable energy for all,” said Energy and climate minister, Graham Stuart.
As well as making it clean, bolstering its dwindling buffer of…