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<p>The UK boasts a diverse range of energy sources including oil and gas, nuclear,
a number of different renewable technologies and coal. These are home grown sources
and it is our policy to add new nuclear and shale gas to the existing mix.</p><br
/><p>The recently established Oil & Gas Authority is working to maximize the economic
recovery of UK conventional and unconventional oil and gas resources. In addition,
the UK has six refineries which supply fuel into the domestic market and DECC is working
closely with the industry to remove market distortions and ensure relevant regulations
are fit for purpose, so they can continue to be competitive.</p><br /><p>Furthermore,
we are seeking to increase our domestic electricity generating capacity by working
with three developers taking forward proposals to build six new nuclear power plants
in the UK, including the recent commitment by EDF and CGN to take forward the Hinkley
Point C Project. Renewables are also increasing our domestic generating capacity having
provided nearly one fifth of the UK’s electricity needs in 2014 and we are on track
to reach our target of 30% by 2020.</p><br />
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