Ex-Logica boss to head counterparty for energy auctions

The former boss of IT firm Logica is to head up the company which guarantees payments to energy generators in energy auctions. Dr Martin Read will chair the Government-owned Counterparty Company which will┬ámanage the long-term Contracts for Difference (CfDs) with electricity generators. These are meant to incentivise firms to build low carbon energy sources. Dr […]