Monday, 1 August 2016
I've written previously about the economics of electricity generation here.
The Hinkley Point debacle has confirmed my analysis. Modern power stations have become uneconomical to run, investors demand large subsidies as incentive to build them, governments have to keep the lights on while satisfying the ever increasing demands of the greens and their cohorts in the renewable unreliable energy industry.
It can only end in disaster, unless that is, Greg Clark and Theresa May can bring normality back to the post Brexit UK energy market.
They will need to move quicker on the Article 50 button before the lights go out.