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2005 Corporate Social Responsibility Report

Energy supply

A reliable supply of energy is essential to any modern economy - it allows homes, businesses, hospitals and schools to function efficiently and effectively. Yet the way in which the UK currently manages and secures its energy supply presents significant challenges.

The UK energy sector requires major sustained investment over the coming decades to maintain security of energy supply. Furthermore, much of the replacement of the generating plant scheduled for closure will need to be with low- or zero-carbon plant if the energy sector is to contribute to a continued reduction in carbon dioxide (CO2) emissions in line with Government objectives on climate change. The twin goals of securing the UK's energy supply and addressing climate change should be achieved through the development of new technologies, investment in infrastructure and implementing energy-efficiency measures.

In the next three years in the UK, we plan to invest over £3 billion in renewable and cleaner gas-fired energy generation, gas storage and in modernising our electricity network.

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