Open cheque book for developers with risks and costs transferred to consumers with future promises on savings ... makes PFI look like a great deal. As Sir Ian Byatt said on Thames Tunnel "paid out every penny in excessive dividends and left Londoners to pick up the bill" ->
https://twitter.com/KwasiKwarteng/status/1480484608076570628
So,
1) yes, we need more nuclear.
2) yes, we could do with rebuilding some monopoly funded by consumers (aka tax payers) to do this. Let's call it the CEGB.
3) no, we don't need some half cocked financial instrument pushed through at a time where people are worried about bills.
1) yes, we need more nuclear.
2) yes, we could do with rebuilding some monopoly funded by consumers (aka tax payers) to do this. Let's call it the CEGB.
3) no, we don't need some half cocked financial instrument pushed through at a time where people are worried about bills.
I particularly dislike the whole "With global gas prices at record highs, we need to " ... what's the first thing they teach you on basic security training about scams? They seek to create pressure, an urgent need, for you to follow their path.
From a minister? Poor behaviour.
From a minister? Poor behaviour.
X : Why use the model?
Me : RAB (regulated asset base) is basically a way of consumers (i.e. taxpayers) taking all the financial risk whilst developers take all the profit. It's used for reasons of ideology i.e. to avoid the appearance of state funding of an effort.
Me : RAB (regulated asset base) is basically a way of consumers (i.e. taxpayers) taking all the financial risk whilst developers take all the profit. It's used for reasons of ideology i.e. to avoid the appearance of state funding of an effort.
X : Given gas prices, don't you think ...
Me : ... we are talking nuclear power. It's not like you whip out your credit card and Amazon delivers a plant tomorrow (with free postage for prime users). Tyically, it can take 10-15 years before they are generating.
Me : ... we are talking nuclear power. It's not like you whip out your credit card and Amazon delivers a plant tomorrow (with free postage for prime users). Tyically, it can take 10-15 years before they are generating.
I'm all in favour of the use of nuclear power. In the early 90s (when I worked in the environmental field), I used to argue for its use and get it "in the neck" from all sides - fossil fuel and environmental activists. But, co-ordinating electricity provision does need a CEGB ...
... the ideology of the "market" does us no favours.
On a seperate but related note - "China’s ‘artificial sun’ hits new high in clean energy boost" - scmp.com/news/china/sci… ... anyone got the background on this?
On a seperate but related note - "China’s ‘artificial sun’ hits new high in clean energy boost" - scmp.com/news/china/sci… ... anyone got the background on this?
The thing about China is you know it will not only deliver on but exceed its climate promises whilst in Europe ... we seem more interested in rewritting the rules and re-defining gas / oil as green ...
independent.co.uk/climate-change…
ipe.com/news/ec-drafts…
independent.co.uk/climate-change…
ipe.com/news/ec-drafts…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
