Call from engineers for UK to renationalise electricity sector

The UK government should renationalise its electricity industry if major power companies continue to resist its changes to the British energy market.

That’s the view of Alistair Smith, chairman of the power division of the Institution of Mechanical Engineers, who was speaking in the wake of the publication of the government’s draft Energy Bill yesterday.

The Bill aims to kick-start investment in a host of low carbon generation but many companies in the power sector have criticised it because they feel it lacks clarity and, in turn, undermines investor confidence.

However, Smith has given the Bill his full backing, saying it is “essential if the UK is to maintain a secure energy supply, while at the same time cutting carbon emissions at an affordable cost to the consumer”.

He said: “Although this Bill effectively kills off the idea of a truly open UK electricity market, this legislation is necessary in order to encourage companies to build a balanced electricity generating mix, with the correct proportion of baseload nuclear power along with the right balance of intermittent forms of renewable energy such as offshore wind power backed-up by reliable gas-fired generation.”

And he added: “If these reforms are rejected by the power industry because they don't like certain elements, it may be time for the government to consider re-taking control of this essential element of our national infrastructure. The UK needs certainty now if we are to avoid jeopardising our security of supply in the relatively near future.”

Click here for the full story on the launch of the Energy Bill





Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...