In a move to maximise production from the UK’s estimated 1,300 trillion cubic feet (Tcf) of shale gas, the government has announced generous tax breaks to producers and promised local councils 100% of fees from resultant business rates. Figures from the Department of Energy and Climate Change (DECC) predict that widespread UK shale gas production could reduce the implied price of dispatchable gas-fired power generation to around £50/MWh.
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