LONDON (Reuters) - Long-term contracts to reward low-carbon energy were part of proposals unveiled by the UK government on Tuesday as it looks to incentivize a power sector set to shed a quarter of its traditional capacity over the next decade.
The UK will see old coal and nuclear power stations close this decade, requiring more than 110 billion pounds ($176 billion) of investment to build the equivalent of 20 large power stations and upgrade the grid, the government said.
