keeping-the-lights-on
keeping-the-lights-on
keeping-the-lights-on
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Keeping The Lights On<br />
We believe that <str<strong>on</strong>g>the</str<strong>on</strong>g> market should play a key role in<br />
<str<strong>on</strong>g>the</str<strong>on</strong>g> selecti<strong>on</strong> of technologies in this (and o<str<strong>on</strong>g>the</str<strong>on</strong>g>r)<br />
industries — although we recognise that given<br />
<str<strong>on</strong>g>the</str<strong>on</strong>g> very l<strong>on</strong>g investment horiz<strong>on</strong>s of major<br />
infrastructure development, <str<strong>on</strong>g>the</str<strong>on</strong>g>re may be a<br />
case for government guarantees.<br />
In this c<strong>on</strong>text we criticise <str<strong>on</strong>g>the</str<strong>on</strong>g> EU for creating<br />
serious market distorti<strong>on</strong> by favouring some lowcarb<strong>on</strong><br />
technologies (wind, solar) over o<str<strong>on</strong>g>the</str<strong>on</strong>g>rs (e.g.<br />
nuclear).<br />
There are, however, some clear priorities: gas, nuclear, and coal.<br />
More gas capacity: Britain urgently needs more gas-fired capacity, because at this<br />
stage, and given <str<strong>on</strong>g>the</str<strong>on</strong>g> urgency of <str<strong>on</strong>g>the</str<strong>on</strong>g> UK’s generating capacity crisis, <strong>on</strong>ly gas-fired<br />
power plants can be built fast enough to fill <str<strong>on</strong>g>the</str<strong>on</strong>g> gap. Gas-fired power stati<strong>on</strong>s can<br />
be built in three to four years, whereas nuclear plants take ten to twelve years.<br />
North Sea Gas: C<strong>on</strong>trary to media assumpti<strong>on</strong>s, North Sea Gas has not run out,<br />
but it is clearly declining, and cannot be relied <strong>on</strong> l<strong>on</strong>g-term.<br />
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