Skip to main content

The Economist Intelligence Unit comments on the Centrica announcement

Published by
LNG Industry,

Commenting on the Centrica announcement to sell two gas plants, Peter Kiernan, Lead Analyst, Energy at The Economist Intelligence Unit, says:

“The decision by Centrica to sell two combined cycle gas turbine power stations to EPH reflects the company's decision to shift its priorities towards customer oriented businesses, distributed generation, and energy storage. The capacity of the two plants combined, 2.3GW, amounts to around 7% of the UK's total gas-fired capacity. Unlike coal, gas will remain a key feature of the UK's power mix, and there will not be any impact on supply security with the transfer of the plants to a new owner.  However, the sales do reflect the changing priorities of some energy companies seeking to shift away from fossil fuel-based centralised power generation, in part due to the expected growth in small-scale renewables and development of energy storage in the longer term.”  


Read the article online at:

You might also like


[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »


Embed article link: (copy the HTML code below):