Sunday 13 May 2012

Energy costs

A crucial decision about our future power supply will be made by the end of the year - not in London but in Paris.
EDF (86%) owned by the French government will decide whether or not to build nuclear power stations to replace our ageing coal and gas ones. They are the only game in town - two other consortia have withdrawn.
As they have us over a barrel, the likely cost being bandied about would mean a doubling of the wholesale electricity price!!!

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