Michael Fallon explains the UK麓s Electricity Market Reform in Madrid
皇冠体育app UK Minister gave a detailed account of UK energy policy and the huge investment opportunities resulting from the reform
皇冠体育app UK Minister of State for Energy and Minister of State for Business and Enterprise, Michael Fallon, visited Madrid last week to present the UK鈥檚 Electricity Market Reform to Spanish companies interested in UK policy developments and hearing about business and investment opportunities resulting from the Reform.
皇冠体育app Minister took part in an intense one-day programme for which kicked off with a bilateral meeting with Alberto Nadal, Spanish Minister of State for Energy, where the ongoing reform processes in both countries and the 2030 framework were discussed.
This was followed by one-to-one meetings with four Chairmen/CEOs of Spanish Energy investors in the UK and the day concluded with an event organized by UKTI Madrid and sponsored by ( the sector麓s prestigious think-tank) at the Ambassador鈥檚 residence to present the EMR. 皇冠体育app audience of made up of approximately 25 senior Directors from Spanish energy companies heard a detailed account of UK energy policy and the huge investment opportunities resulting from the reform. 皇冠体育app presentation was followed by a Q&A session which covered:
- Contracts for Difference
- Strike Price
- Capacity Markets
- UK鈥檚 approach to oil exploration
- Shale gas potential
- Future of nuclear
Coming so soon after the launch of the EMR Delivery Plan and Spain麓s own energy reform, the Minister麓s presentation gave a strong boost to our energy profile in Spain and reinforced the UK as an excellent investment location. UKTI will follow up interest from the companies who attended the meetings and the conference with specific action points.
For more information on EMR and investment opportunities in the UK, contact: Marianne Carlin UK Trade & Investment British Embassy Madrid [email protected] Tel: +34 91 714 6340