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The Economist Intelligence Unit comments on the Centrica announcement

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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: https://www.lngindustry.com/liquid-natural-gas/22062017/the-economist-intelligence-unit-comments-on-the-centrica-announcement/

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