La grande legislazione energetica britannica passa attraverso il Parlamento

I like the emphasis on derisking investment into new technologies like floating wind. There’s not much point in the government trying to dominate renewable energy investment, we can’t borrow enough money and the money we can borrow would be better spent elsewhere. The private auction system has been incredibly effective at bringing costs down and newly developed efficiencies are much more significant than the profit margin. The private auction system has reduced the cost of offshore wind from something like 25p/kWh to 7p/kWh, the profit margin might be something like 0.35p/kWh. But we’re not seeing much investment in the next leap to floating wind. This model looks like it’s doing a good job of combining the benefits of private and public investment.

Let’s hope they keep the money set aside for modular nuclear.

I’m not so impressed by the wider energy strategy, the plan is too reliant on renewables which is likely to be expensive given the cost of storage or backup, and too ambitious in its speed so it will rush ahead of improvements in efficiency by forcing a change in too short a timeframe.

The Great British putting Great Britain first. What is this madness?!

That erm… Slightly fallouty radioactive cloud over Westminster isn’t really sending out a good message is it?