Jun 13th 2012
Fears raised about political intervention in Roc banding review process
Giving evidence to the Energy and Climate Change Committee on Tuesday 12 June Scottish Power chief corporate officer Keith Anderson expressed concern that "political intervention" risked jeopardising the previously "evidence-based" Renewables Obligation Certificate (Roc) banding review process, and the setting of financial returns at the correct level to attract investment and provide consumers with value for money. Anderson said delays to finalising the Department of Energy and Climate Change's proposals for the level of banded support available for the period 2013-17 could have a negative effect on investor confidence at a crucial time for the UK energy industry. He concluded investors may now need to factor "political risk" into any investment decision.
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