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BMI View: While it is clear the UK must press ahead with plans to secure its long-term energy supply if it is to avoid a power crunch, progress has been slow and hopes are now being pinned on the country's Energy Bill and its various provisions. Although we maintain that the bill is muddled - with the UK's focus on a very broad range of options raising questions about the economic viability of pursuing them all as the country emerges from a recession - the government's plans to encourage cleaner gas-fired generation (under the Gas Generation Strategy) and greater adoption of renewable technologies look to be some of the more feasible aspects of the country's energy strategy. As a consequence, although the economics of coalfired generation will make the fuel a more profitable way to generate electr ...
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