Electricity

Monday

Matt Ridley

How Ed Miliband plans to conjure electricity out of nothing

Electricity is magical stuff. From a couple of tiny holes in a wall comes an apparently endless supply of invisible, weightless, silent ether that turns instantly into light, heat, motion or information at your command. It is a metaphor for the modern economy: we use pure energy to create useful outcomes in the real world. We found out last week that Britain has now for the first time achieved top spot, among 25 nations, in terms of the price we pay for this supernatural ichor, for both domestic and industrial use. This is a disaster. Electricity prices have doubled in Britain since 2019. They are 46 per cent above the

Ross Clark Ross Clark

How to stop a blackout

Will the lights go out this winter? A letter from the energy regulator Ofgem reveals just how seriously it is taking the prospect, and lays out what would happen if the UK can’t get sufficient gas to meet demand. Ofgem declared that ‘here is a possibility that GB entering into a gas supply emergency’ this winter and lays out what would happen in the event of this happening i.e. when insufficient gas is available to supply the gas network at any wholesale price. It turns out that Ofgem would seek to reduce demand by telling the largest gas users to switch off their plant. These, it adds, ‘will likely be large gas-fired power

Tuesday

Lionel Shriver

Going electric requires electricity. Who knew?

A lead article in the sober-sided New York Times is seldom funny. Yet ‘A New Surge in Power Use is Threatening US Climate Goals’ earlier this month cracked me up. Check out this sternly dramatic first paragraph: ‘Something unusual is happening in America. Demand for electricity, which has stayed largely flat for two decades, has begun to surge.’ Personally, I’d have headlined that article ‘Well, duh’ – perhaps with the subhead ‘Aw, shucks’. Lo and behold, when you push people to electrify everything in their lives – cars, cookers, heating systems – while bribing them to go all-electric with lavish government subsidies, it turns out they use more electricity. Who