Magazine
Latest Issue

Energy: Stumbling towards crisis

How did the politicians let this happen?

By Dieter Helm   April 2013

“To meet targets, Britain has to build wind farms, no matter what the consequences for security and price”

Energy crises are often triggered by surprises—from the Arab oil embargo in the early 1970s to more recently the Fukushima disaster. Britain’s energy crisis is, however, unlikely to be a surprise. It has been coming for a long time, masked by the economic recession, and seriously exacerbated by a combination of fundamental misunderstandings about markets and market design, poor regulation, an enormous bet on marginal and expensive technologies, and a stubbornness in…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect