Reuters: Tight market, regulation to benefit UK gas power plants - Liberum

British utilities will seek to raise money for big investments in gas-powered plants over the next decade to cope with a tightening power market and new regulation, UK investment bank Liberum Capital said on Wednesday.

As Britain's electricity infrastructure ages, an estimated 30 to 50 percent of nuclear and fossil-fired stations will retire by 2020, which will require billions of pounds of investment in new capacity to avoid a supply squeeze.

"In the next 10 years we need to invest 150 billion pounds to build 30 to 35 gigawatt (GW) of power stations, and in our view gas is going to be the winner with some 20 GW in this," Dominic Nash, Liberum's utilities analyst, said at a briefing in London.  MORE