Tony Lodge: The recent severe weather placed a huge strain on Britain’s energy networks. As well as a gas supply threat there were troubling signs that electricity supplies were dangerously exposed. Current policies are set to make the situation worse. Until recently, British power generators could supply all of the electricity the nation needed. A mixed portfolio of nuclear, gas, coal, oil and renewable plants kept the lights on and allowed for a balanced choice of fuels to generate power. But chronic policy failures over a generation to get plants built as old ones shut, mean Britain is looking to import more electricity from Europe. Imports are set to make up to a fifth of supplies by 2025. The “Beast from the East” laid bare the risks of this approach. Slanting the electricity market more in favour of imports exposes the UK’s energy security and undermines investment in new power plants at home. Billions of pounds of investment are now at risk, which will undermine future security of supply and threaten price rises. Policy needs to change. Energy security and more competitive pricing must become a priority as we prepare to leave the EU.
Telegraph 13th March 2018 read more »
Labour’s Alan Whitehead warns the government’s latest energy market reforms fail to do enough to protect credible green operators from ‘bargain basement’ rivals.
Business Green 14th March 2018 read more »