So I told him: what's wrong with the EDF model? Every singlt attempt at deregulation/market based regulation has failed over the past 20 years. There are lessons from a number of countries, and each regulatory framework has had its problems. Isn't it time to say the the problem is actually the markets, and the electricity should follow the EDF model - fully integrated, State-owned and run - and State funded.
To which he said that this had led us to having an overcapacity - too many nuclear plants - for our needs.
The very overcapacity which is the only thing preventing several of the other European markets from collapsing from insufficient supply - and which is creating a tidy profit for EDF and its shareholders...
EDF = State-owned (and French) thus BAD, BAD, EVIL. They cannot get this out of their heads. In the long run, we're all dead. John Maynard Keynes
They've had neocon poison about the effectiveness of markets dripped in their ear for so long that, even in the presence of absolute proof, they would rather disbelieve their own senses. keep to the Fen Causeway
Have a 4! -----sapere aude
