Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Vintage Wine Turns Sour for Financiers | Main | Victor Goncalves: Fundamental Shifts on the Horizon for Energy »

Britain Faces the Prospect of Blackouts


We draw to your attention an interesting report which appeared in the Daily Mail regarding the bleak future for the UK unless they spend two hundred billion pounds

Britain faces the dire prospect of blackouts and higher bills in the years ahead unless radical action is taken.

Today's stark message from energy regulator Ofgem came with the warning that many people would struggle to pay power bills of up to £2,000 a year.

Setting out its plans for safeguarding Britain's power supplies, Ofgem warned that sticking with the current market was 'not an option'. he regulator said the industry needed £200bn of investment by 2020 but

In its report, which took a year to complete, it said the financial crisis, increasing gas import dependency and the closure of aging power stations demands far-reaching energy market reforms to meet tough environmental targets and keep the lights on.

One of the options recommended by Ofgem is as follows:

4)Subsidise new nuclear power plants. The government has so far refused to help pay towards their construction. But it may be preferable to pay out as the alternative is higher energy bills for the taxpayer.

To read the report in full please click here.

As it takes eight to ten years to build nuclear power plant the UK is now up against it. Obtaining the permits will be a battle on its own, it took six years to get planning permission for an extra runway at Heathrow airport, anybody care to take a punt at just how long it will take to get planning permission for a NUKE?

Have a good one.

Got a comment then please add it to this article, all opinions are welcome and appreciated.

For those interested in Options Trading please click here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector that is currently coming back to life, you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

Well... At least it means the environmentalists which have been blocking the development of just about all forms of energy development in the recent decade will finally be thrown up against the fruits of their efforts to suppress covilization when they are planning their next assualt on a bill with candles. Oh. That's right, the bees are abandoning the UK as well so no candles....

February 5, 2010 | Unregistered CommenterSally

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>