Friday, April 13, 2012

My reply to John Redwood today - UK energy pricing

Martin Cole
Posted April 13, 2012 at 6:34 am | Permalink
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Who can but applaud your closing sentence “The government is trying to abate the high prices for the largest users of energy through subsidy, but energy cost remains an obstacle to successful competitive manufacturing in the UK. it needs instead to trigger more energy developments, and to pursue a policy of cheaper energy instead of interfering with the market in a way designed to raise prices.”
Crucially our energy industries, other than in internationally priced oil products, remain under the control of foreign state controlled monopoly suppliers, mostly French and German, whose priority quite clearly is through energy pricing, to render UK exports uncompetitive with their own in world markets.
The French and German governments, as for all others on the Continent, see the protection and advancement of their deomestic industry as their first priority, taking care of which requires close attention at home, not whizzing around the world on a combined domestic political PR come champagne sales drive jolly, with docile UK industrialists in tow.
Recovering price control over our own power utilities is now probably a priority even ahead of removing ourselves from the crippled EU itself!

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