Hancock's blog

Graham Shuttleworth - Single buyer guarantees low carbon generation for decades


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.. at 70-80% above current market prices

We’re all about the Labour-Green’s proposals for an alternative model for the electricity market here.  The UK Labour Party came up with something quite similar in mid-2013 which has put the cat amongst their pigeons so for the next couple of months I’m taking to Graham Shuttleworth who is the office head for the economic consultancy NERA in London, and one of the original authors of the UK Pool Rules – on which our own electricity market was based.

Last week, Graham looked at how the UK “market” works today and how incentives for the “right” sort of investment have snowballed.  This week he talks specifically about the contract the UK’s single buyer has just written to underwrite a new nuclear power station. These are big numbers!

As with other podcasts, the opinions expressed in the interview are Graham's and do not necessarily represent the views of NERA Economic Consulting or any other NERA consultant. If you quote the podcast, you should attribute the reference to him personally rather than the firm.

This podcast was recorded in 2014

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Hancock's blogBy John Hancock