What Energy Policy?

I listened to the United Kingdom’s Energy Minister, Mr Ed Davey, speak on the radio about the proposals for nuclear energy. He spoke about the need for investors to see a clear return on their investment within a settled and predictable framework and that by putting a levy on electricity bills investors in the nuclear industry would see a clear guaranteed return (guaranteed by the consumer no less) and would therefore invest in the building of new nuclear electricity generating plants. It is a statement which sounds logical but is full of inaccuracies and has a great measure of hypocrisy. Continue reading