09.06.2013 Views

keeping-the-lights-on

keeping-the-lights-on

keeping-the-lights-on

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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 />

9

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!