U.K. pilot pits power plants against energy efficiency

July 22, 2014 2:27 PM

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Business, industry and other organizations will get help to cut their energy costs with £10 million made available this year to improve efficiency and reduce energy demand, according to U.K. Energy and Climate Change Secretary Ed Davey, who has unveiled new plans that will remove barriers to investment in energy infrastructure.

The U.K. energy sector has seen £45 billion of investment between January 2010 and December 2013, with nearly £8 billion investment in renewable technologies in 2013 alone. This investment counteracts a history of underinvestment in Britain's energy sector that threatened energy supplies.

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