Competing objectives of EMR 'will not work' says RWE boss
The government is in danger of paying more in support then it receives back in Mega Watts (MW), according to the chief executive of RWE npower.
Volker Beckers, speaking today (September 13) at the Energy Event 2011 in Birmingham's NEC, also told delegates current government tax policy was exempting energy intensive business, leading him to ask 'who exactly' the tax was aimed at.
Mr Beckers said: "All too often people are thinking in terms of MWs rather than MW hours.
"Objectives are sound and laudable but competing objectives in the EMR (Electricity Market Reform) will not work.
"The government pays more in support but gets fewer MWs in return ... it is treating the symptoms rather than cutting through to the disease."
Mr Beckers, backed new nuclear and increased biomass in his talk, also went on to voice fears over future gas power claiming the EMR would also 'create a short-term rush' for gas.
But there was nothing in place to encourage new investment in the gas and infrastructure in the long-term.
He added: "There's no incentive to consumers or industry, no clarity and we need consistency for our energy policy and investment."