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Electricity Generation

Volume 486: debated on Thursday 22 January 2009

16. To ask the Secretary of State for Energy and Climate Change what assessment he has made of the effect of the current economic climate on levels of expenditure on new electricity generation plants. (250000)

Along with the regulator Ofgem, I am closely monitoring the effects of the current economic climate on the energy sector, including on investment plans. There are signs of the willingness of investors to continue to develop new generation capacity with some 9 gigawatts of new electricity plant currently under construction. In addition some 3 gigawatts of new plant has received consent, while consent applications with a further 4.5 gigawatts have also been received.