Garry Graham, Prospect deputy general secretary said: "The energy industry must invest in capacity, infrastructure, skills and workforce renewal to meet the UK's energy needs over the coming decades.

"Companies need stability to invest but they also need to be transparent so that customers can be confident that they are receiving value for money.

"The 'Contracts for Difference' mechanism could secure the long-term investment necessary for nuclear new build and low carbon generation. But, inevitably, the devil will be in the detail."

Prospect is not affiliated or aligned to any political party.