Are the lights about to go out all over Britain?
With plans for the country’s nuclear sector in tatters after RWE and E.ON decided to pull out, questions are being asked about Britain’s energy strategy.
By Emily Gosden
31 Mar 2012
In 2005, Henry Davey, an energy expert at the law firm, Herbert Smith, offered his diagnosis on the UK’s energy prospects.
“The Government urgently needs to address its energy policy as there are potentially serious security of supply issues on the horizon,” he said.
“Getting the right commercial incentives for the market to respond to the future challenges, coupled with a clear steer of where nuclear will sit within the long-term energy mix, is essential.”
Seven years on, those words might strike a raw nerve with Mr Davey’s younger brother, Ed, who is now the Coalition’s Energy Secretary.
Last week the German utility giants RWE and E.ON blew two reactor-sized holes in the UK’s strategy for new nuclear power when they announced that they were pulling out of a joint nuclear venture in Britain.