Energy Supplies
So now, in the face of the usual denials by the other Milliband, it is official. Our energy market does not work properly and supplies will soon be at risk and also very expensive. This was a privatisation too far. At the very least the ‘market’ needs to be closed down. A single national authority should be responsible for all power generation and regional distribution via the high voltage network. There may be scope for small local companies to manage the domestic lines and distribution, but not if it puts up costs or makes supplies unreliable. It should make enough profit to maintain a proper investment programme to upgrade our deficiency in production,but not more.
We need to be savvy in the way we use our own north sea gas and balance its use as a domestic fuel with use for generating electricity. Oversimplifying to make a point, if we used the gas to generate cheap power, would consumers be better off?
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