by Chris Carrington, The Daily Sheeple:
Much has been made of the United Kingdom not having the electricity supply capacity to meet demand within the next year or so. You can read more here. A lack of energy security is serious enough in itself but to hand over control to the French and Chinese is madness.
EDF, the French energy giant, has agreed to build a nuclear power station in Somerset, a county in the south of England. Massive investment from the Chinese has been sought and secured in a deal that will see the first nuclear power station built in the UK in a generation.
Brits woke up this morning to news that their electricity bills will at least double within 10 years as the agreement has fixed a price per unit generated at double what it is now. This is the minimum price the citizens of the UK will pay for their energy. Over runs and extra costs could see them paying far more than that.
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