The United Kingdom has approved the building of over 30 new gas-fired power plants to replace the ageing coal, nuclear and gas stations. A new Gas Generation Strategy was adopted, in order to ensure that there is sufficient capacity available to meet demand and provide flexibility to the grid, particularly as we see increasing levels of intermittent and inflexible generation on the system.
As much as 26 GW of new gas plant could be required by 2030, in part to replace older coal, gas and nuclear plant as it retires from the system. It also suggest that in 2030 the country could need more overall gas capacity than it has today, although operating at lower load factors. The modelling shows that gas could play a more extensive role, with higher load factors, should the 4th Carbon Budget be revised upwards.
Support for these other forms of generation could undermine certainty for gas investors, and the Government has therefore take steps to provide market certainty for investors in bow low-carbon energy sources and gas, ensuring fair competition.
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