We have highlighted before the propensity of the Coalition to swallow the special pleading of the subsidy-wallahs of the energy industry: but it’s getting beyond a joke. The Telegraph – clearly the lobbyists’ vehicle of choice - has reported energy minister Charles Hendry as saying
“... that two more incentives would be needed for nuclear beyond the Government's plans for a ‘carbon floor price’ [which] will artificially raise the cost of carbon allowances to penalise fossil fuel generators and reward low-carbon power”
But there’s more.
“on top of this reform [sic], he is ‘very much’ in favour of capacity payments for low-carbon electricity generation – an option championed by EDF. This would reward companies for making their electricity generation capacity available to the grid, even if it is just as a back-up.”
And he’s not done yet.
“Mr Hendry acknowledged that this would still not be enough to persuade [hah !] nuclear companies to build their plants in the UK. ‘There will still need to be an additional third mechanism,’ he said, adding that an obligation on suppliers to provide a certain proportion of low-carbon power or contracts-for-difference in the electricity market are two key options under consideration.”
And the Telegraph concludes with this statement of the bleedin’ obvious:
“The reforms are a sign that the Government has been listening closely to industry concerns [no shit !] EDF is planning to build Britain's first nuclear power station by 2018, but its chief executive, Vincent de Rivaz, has long been pushing for market reform to ensure that the £20bn investment is affordable.”
Market reform ?! Affordable ! The man is being invited to write his own cheque ! This may yet push me to become a swear-blogger ...