More cash for Big Power
At last – the UK energy regulators have woken up to what everyone else has been saying for months – Britain’s energy infrastructure is crumbling – and massive price rises, plus probable power outages, face the British consumer for the next five years.
The electricity industry is delighted at the announcement – they expect the result will be more subsidies to build a bigger and more wasteful energy infrastructure. They are already demanding cash for the so-called smart grid. Now companies like EDF, the French nuclear giant, want an increase in subsidies for “clean“ energy such as nuclear, so it can get increased payments for more nuclear reactors
According to Dow Jones ”U.K. utilities welcomed proposals from gas and electricity regulator Ofgem for a radical shakeup in regulations
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