Need for home grown solutions to Power Problems

Britain’s increasing dependence on the external resources for its power generation has meant being at the mercy of market forces which seem to fluctuate at the drop of a hat. The vulnerability that this creates when one is denied supplies from sources abroad is immense. Another given fact is the increasing politicization of energy resources. A really scary scenario as Britain moves from being a net exporter to a net importer.

One train of thought that is emerging is to produce more power locally. That would mean building new nuclear power stations as well as increased use of renewable sources of energy generation. One way to ensure supplies are intact is by investing in energy supplies in developing markets. Add to this the need to improve relations with Russia which could emerge as a great supplier of resources.

With nearly half of UK’s oil and gas expected to come from abroad and a 3rd of Coal and oil fired power stations closing in the next 20 years and all but one nuclear power station to be shut by 2023, it is indeed a scary scene for the ever increasing demand for energy.

To quote the Business Secretary of Britain John Hutton “Now, more than at any other point in our history, the challenge of energy security is likely to be one of the most important political and economic challenges we face as a country … our strategy must focus on ensuring we do not become dependent on any one supplier, country or technology,” Hutton says.