The coal closure programme was largely expected – not so the gas – but it was meant to be substituted by £100bn of new investment in lower carbon substitutes such as nuclear and wind. The closure programme is ahead of schedule while the opening programme is at least three years behind withonshore wind projects stuck in planning, offshore wind slow to develop and atomic power more expensive than expected.
Note, we\’ve had the finest minds of our generation working on this. All those terribly bright politicians and bureaucrats, acting purely in our best interests with no thought of rewards for themselves. Working at a quite important problem: how do we keep the lights on?
And what\’s happened? They\’ve fucked it, haven\’t they?
This sort of planning, at this level of the whole economy, just doesn\’t work, does it? As Hayek said, the only method we have that works of coordination at this scale is the market. The twats should have stuck on a carbon tax a decade and more ago and then left well alone.