T: 01242 620894 E: info@mypoweruk.com

British Gas boss warns of blackout risk from Ofgem investigation

More sabre rattling from Sam Laidlaw who is doing a good job as boss of Centrica of scaring the horses.  Basically he is saying,  ‘look,  do anything which upsets our cosy oligopoly and you’ll be shivering in the darkness in no time at all’.


He’s talking from a strong position of course;  the UK needs firms like Centrica to reinvest profits in new generation capacity to replace the coal fired stations which are being decommissioned.  


We reckon he’s doing our business a great service.  Companies who need and depend on regular electricity supplies will see his comments as a threat to their business.  Some of them will decide that investing in their own PV generation capacity is a good strategic move.  


Reliance on six main players in any market is asking for trouble.  Add increasing dependence on imported raw materials to produce that energy and the geo-political risks facing the places those raw materials come from and you start to get a real sense of just how vulnerable our energy supply is.


Laidlaw is probably laying it on a bit thick but he does make a fair point.  If the government wants companies to invest in new energy generation capacity,  and it most certainly does,  and soon,  talk of government imposed price freezes and competition inquiries is hardly encouraging.


What a pickle.

http://www.thetimes.co.uk/tto/business/industries/utilities/article4046394.ece


contact-mypower

News Headlines

Tesla will soon face serious EV competition from Porsche

Gas, nuclear and coal generators told to produce less electricity this summer

British Gas is increasing the cost of energy by 5.5% this month

VW is still dealing with the fallout from #dieselgate in the US

Audi is joining the all electric club with a new SUV

UK electricity demand being generated by renewables just keeps growing

Saudi Arabia is going to build the world's largest solar project

Electric air transport on the horizon

Spat between Aston Martin and Rolls Royce

National Grid planning a network of superfast chargers at UK motorway services

California is racing towards a solar future

Porsche and Daimler Benz increasing EV commitments

UK industry pays 33% more for electricity than the rest of Europe

Former Energy Minster pleas for government to bankroll expensive Swansea tidal lagoon

Gloucestershire drivers are leaders in the electric car uptake

A compelling business argument for solar

The potential for solar across Africa is huge

UK's reliance on imported gas could soon backfire

Fuel forecourt operators have a serious choice to make with EV charging

Mypower shine to win another Solar energy award