Yesterday the head of the regulator Ofgem warned consumers to expect another rise in their already painfully-high energy bills – which have more than doubled since 2004, to £1,300 a year. The reason for the increase is devastatingly simple: our power industry – once among the best in the world – can no longer produce anything like the energy we need to keep the lights on. So we have to import gas from unstable countries such as Russia – at hugely inflated prices. …..If the lights do go out, history will be harsh on a posturing political class that – in order to burnish its ‘green credentials’ – has left Britain at the mercy of foreign powers for heat and light. But then successive governments, obsessed by short-termism, have made a mess of energy policy....To Read More....
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