UK power regulator Ofgem has probably timed its intervention into the murky political/energy arena to perfection with its "Project Discovery". The report also probably makes the case that Ed Miliband, the Labour minister for environment, is a a complete **** (you chose the epithet!).
Ofgem chief executive Alistair Buchanan says decisions on energy security
have to be made by 2013 so as to prevent the lights going out in Great Britain from 2015.
One possibility outlined by the Ofgem report is a central buyer of energy, which is the nationalisation of part of the market.
We let Iberdrola take over Scottish Power for a very small premium but if Scottish & Southern wants to buy a Spanish utility the screaming from Madrid would be amazing. As for dislodging the EDF monopoly in France, don't even think about it.
One minute E.on was planning to build a new power station (Kingsnorth) and now it is not. We might as well as offer the Germans a low price for the old assets of Powergen. There was environmental opposition to the new unit at the existing power station but we are going to have to get real eventually.
I am not a little Englander but can we can really let our energy security be dictated by external groups and countries?
The dash into renewables such as wind power will probably prove a waste of money.
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