Has the UK government struck the right strike price in its nuclear deal?

Provisionally set today – a decade before generation is expected to begin – at approximately twice the current wholesale price of electricity over 35 years, this is perhaps the biggest single hedge this government will make. Read more

Whenever there is a discussion about problems in the energy market, it tends to concentrate on one or two aspects. This, along with a lack of transparency, prevents a comprehensive understanding of the market’s flaws, contributing to mistrust. Price freezes are a crude instrument but their popularity shows the depth of the public’s anger. Yet, as Mr Miliband well knows, intervention like this must be followed by genuine reform. This must tackle the real Big Six problems in the market. Read more