Marion Dakers City Editor
A MAJOR investor in renewable energy has said it has “a robust view” of
Scotland’s future as a power supplier, even if it votes for independence,
and believes the rest of the UK would agree to keep a joint electricity
market due to Scotland’s superior position in wind power.
Despite Westminster’s recent warnings that a Yes vote would spell the end
for energy trading in its current form, The Renewables Infrastructure
Group (Trig) pointed out that Scotland, home to one-third of the UK’s
renewable power capacity, is crucial for the UK to meet targets on green
energy.
“While there can be no certainty that the politics evident in some
pre-referendum positioning could not spill over into enacted policies
potentially damaging to the renewables markets… several factors
contribute to a robust view on the future of the subsidy regime in a
separate Scotland,” the firm said.
Trig, which has more than one-quarter of its assets in Scotland, said the
“historical position and physical adjacency” of the country should also
ensure a shared market.
The SNP has based its energy policy on maintaining a single market for
electricity and gas, which it argues would help stabilise supply for both
countries.
However, the UK Government has repeatedly claimed it would be impossible to
keep the current regime because each country “would understandably be
focused on securing outcomes that best serve their own policy objectives
and consumers”.
Trig also said in its half-year results that the warm and calm summer
across the British Isles meant it produced four per cent less power than
expected, though it is on track for the full year.
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