by Jerome a Paris
Wed Oct 24th, 2007 at 05:43:50 AM EST
The UK's wonderful (non-)policy of relying on the markets to provide for competitive energy is demonstrating yet again its superior performance:
Seven of UK's 16 reactors closed
Nearly half of Britain's nuclear power reactors have been out of action due to breakdowns and maintenance.
"It is disturbing. I mean, we're going to have to rely on it being a warm winter. If it isn't, maybe we will run into power cuts. And the consequential loss of that is not just the loss of electricity, it's the loss to industry when everything fails."
As noted yesterday
; Gordon Brown sees nuclear as the only way forward for UK energy policy (to the extent that he seems willing to scupper plans to push for renewables!), despite the industry's dismal track record in the country (see the table below the fold), and despite the fact that any nuclear plant will likely require 10 years to be built, whereas the problems are right now.
But be ready for massive campaigns to blame the French for not delivering enough power across the Channel, and the Russians for using the "energy weapon" unfairly when prices spike this winter...
[Update: see this comment about the just published "Energy Market Outlook" by the UK government.]