Britain’s soaring reliance on foreign power exposes the great green energy scam
Story by Tony Lodge • 2h
News that Britain now has the highest industrial energy prices in the world, has fallen out of the world’s top ten manufacturers, faces power rationing and is spending over £3bn a year to import electricity marks a damning indictment on a generation of flawed and misguided energy policies.
As the world’s green A-listers gather this week in Azerbaijan for COP29, Energy Secretary Ed Miliband is probably right to claim that the world increasingly looks at the British energy model; but I would argue it is more in bewilderment and curiosity rather than any desire to copy or follow it. Energy policies here have wreaked havoc on consumers and firms for a generation and there is no end in sight.
No more stark example of this failure exists than our growing overreliance on buying electricity from Europe. This results in energy jobs, security and expertise being offshored to our competitors; a policy which ultimately relies on spare supplies of electricity being available through interconnector cables. But will these flows always be there as older power plants on the continent close?
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