A new report from Policy Exchange warns that unless the government rips up planning rules to fast track new nuclear power plants, Britain faces energy shortages which will cause household bills to skyrocket. Not quite the sunlit uplands promised by Miliband in the run-up to the election…
The report, backed by ex-Cabinet Secretary Simon Case, argues that the closure of a third of the UK’s gas fleet by 2030 will gut tens of gigawatts of reliable energy supply just as demand soars. Case writes:
“Policy Exchange’s new report demonstrates that the UK is barrelling toward an energy crisis – and an urgent change in policy is needed to stop costs continuing to rise, and to secure our energy security as a nation. To do otherwise is to risk energy shortages.
“The need to put nuclear enterprise at the heart of government reform is why I will be chairing Policy Exchange’s new Nuclear Enterprise Commission, where international experts will come together to work out the best way forward.”
Electricity bills are already ticking up. Time to get spades in the ground…
Read the full report here.
