Doubts Energy In Britain

By Author: Giuseppe Scimone
Total Articles: 62
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Another policy choice by the results disappointing. The resounding benefits for the British consumer in the energy provided by the innovations implemented by the Government of His Majesty did not materialize.
In contrast, the liberalization of gas and electricity is weighing on people exposed to increasingly disproportionate rates not to mention the prospect of gaps in service. For many, the escalation of the price means the renunciation of adequate heating. This was the case this winter in parts of the country in the grip of the cold up to -22 degrees, the lowest temperature of the last twenty-eight years. In the UK alone 4.6 million homes well swelled in November called 'fuel poverty' in tandem with the escalation of the cost of natural gas and electricity, more than doubled since 2004.
The privatization of the energy base was driven by Thatcher between 1986 and 1989. It fell to John Major, another conservative leader, transfer nuclear plants (1996). The advent of the New Labor did not change things in spite of promises. Indeed, the imbalance has become even stronger. While deposits of oil and natural gas off the ...
... Scottish coast was thinning out, teams of Tony Blair and Gordon Brown are stalling. The enthusiastic support to the crusade against global warming brought to curb the use of coal which is the most abundant raw material in British soil and the construction of tanks for storing the Norwegian natural gas and liquid gas in Qatar proceeded slowly .
To avert a repetition of the hardships of the beginning of 1972 caused by electricity rationing 'only three days a week, Ofgem, the body responsible for overseeing the industry, proposes a major reorganization in the' Project Discovery '. Crucial point is investment to £ 233.5 billion by 2020: £ 38.4 billion would boost nuclear power, £ 24 billion to the electricity grid and £ 13.4 billion installation of water consumption for a "smart." More massive portion (£ 112.5 billion) will fall on the owners of renewable energy plants.
Controversial aspect is the availability of companies - many of them controlled by foreign capital - to shoulder the extra costs. Certainly, the public authority should intervene to make ends meet, can appear in the paper "Climate Change" of the official committee chaired by Lord Turner, the multifaceted character that in addition to directing the Financial Services Authority is always available in making caustic comments on the City. A spokesman for the Treasury in Whitehall anticipates "relevant ads" in the budget for the financial year April 2010-March 2011 the Chancellor of the Exchequer will explain shortly. But with the general election at the gates is no doubt that the executive action. Indicating the developments following the publication of the White Paper on Renewable and Low Carbon Energy Strategy "released with much fanfare by the Minister for Energy & Climate Ed Miliband last July. Despite emphasis on facilitating an 'epochal expansion of green energy. . . whatever the cost, which would among other things, create 400,000 jobs by 2015, the heartfelt support of the request for company Vestas has fallen on deaf ears. Yet it was the main domestic producer of gigantic rotors necessitates to take advantage of wind energy. The sinking of society has led, in addition to the dismissal of 600 workers, dependence on foreign producers.
Meanwhile, the passing of British Petroleum, Royal Dutch Shell on hold. In the last quarter of 2009, the first saw profits slip to $ 3.4 (-33%). Meanwhile, revenues of the Anglo-Dutch multinational returned much of -75 percent (from $ 2.99 billion to $ 1.18 billion). In both cases it was crucial to the further thinning margins in the refining of crude oil and marketing of products.
Joseph Scimone.