The UK Department of Energy and Climate Change (DECC) has today announced plans to exploit newfound shale gas reserves, but this may not mean cheap power. “Shale gas’s impact on price will be much less than what we have seen in the US. The roll-out is likely to be a bit slower [than in the US] due to community resistance against fracking,” Tim Yeo, Chairman of the UK Energy and Climate Select Committee said at a conference in London.
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