Energy

Thursday

Sebastian Payne

The View from 22 podcast: Blackout Britain, the rudeness of John Bercow and breaking the immigration taboo

Is Britain on the verge of an energy crisis? On this week’s View from 22 podcast, the Mail on Sunday’s David Rose discusses how Britain’s choice green energy over efficient energy has put us on a path to disaster, and why it is politicians, not the Big Six energy firms, who are blame for the coming crisis. Would repealing the Climate Change Act make any difference? And will a significant policy change only come if the lights go out? Douglas Murray also examines Paul Collier, the man who has made it OK for the left to talk about immigration. After the negative reception of David Goodhart’s book on immigration, can

David Rose

Blackout Britain — why our energy crisis is only just beginning

BASF, the world’s largest chemical company, has been headquartered in Germany since before the country formally existed. Founded in 1865 by the industrial pioneer Friedrich Engelhorn, it still occupies the vast site on the banks of the Rhine at Ludwigshafen where its first dye and soda factories were built. A third of its staff are employed in Rhineland Palatinate. It is a global company, yet as German as Goethe and gummi bears. A few days ago Kurt Bock, the firm’s chief executive, warned that its Ludwigshafen plant may soon be forced to close, with BASF’s German jobs relocated elsewhere. The reason, he said, was Germany’s soaring energy costs and the

Tuesday

David Blackburn

While we wait for George Osborne, Grant Shapps takes to Buzzfeed to talk about energy policy

The energy debate is in stasis. Everything, it seems, hangs on the contents of the Autumn Statement. EDF has announced a price rise; bills will go up by an average 3.9 per cent, which is considerably lower than the rest of the Big Six. Yet the company made clear that maintaining low prices will depend on George Osborne. A spokesman said: ‘If the Government makes bigger changes to the cost of its social and environmental schemes than EDF Energy has anticipated, the company pledges to pass these savings onto customers. However, if changes to social and environmental programmes are less than anticipated, the company may have to review its standard variable prices

Saturday

James Forsyth

There mustn’t be a north / south divide when it comes to fracking

Michael Fallon, who among his many roles is the minister in charge of fracking, has told the Telegraph’s Jame Kirkup that ‘right across the South’ people should prepare for fracking coming to a neighbourhood near them. Considering that fracking will bring with it jobs, growth and cheaper energy this is good news. But it is also good news because it should prevent a north / south fracking divide. There was a danger that fracking would appear to be something that the Tories were happy to have happen in the north but not in their own southern backyards. The former Tory Cabinet Minister Lord Howell’s call for fracking to be concentrated

Friday

John O'Neill

Npower boss warns that price freeze could mean lights out

Ed Miliband’s energy freeze pledge won him ‘political speech of the year’ but has had the unintended (yet inevitable) consequence of throwing the energy market into a spasm. The head of Npower, Paul Massara, has said that the political uncertainty means we may not have enough power to cover demand. He has told BBC Hardtalk:- ‘The amount of spare capacity to meet the peak requirement has dropped from somewhere around 15 per cent to five… and unless the UK can create a politically stable environment to attract new capital, that capital will not come in… The more government creates uncertainty with things like price freezes or other changes, it means there’s

Thursday

James Forsyth

The next election will break all the rules

Ed Miliband’s aides used to scurry around the parliamentary estate, their shoulders hunched. A look in their eyes suggested that they feared their boss’s harshest critics were right. But times have changed. Now Team Ed marches with heads high. The success of his pledge to freeze energy prices has given them a warm glow. Five weeks on from the Labour leader’s conference speech, his commitment still dominates political debate. It has boosted his personal ratings, helped his party increase its support in the polls and convinced his supporters that he might be Prime Minister after the next election. In these circumstances, one might expect the Tories to be panicking. But

Alex Brummer

Should you invest in nuclear power companies? 

Power companies are the new banks as far as the public is concerned — but does that mean they’re not worth putting your money in? In any troubled marketplace there are always stocks to be picked, but current political turbulence makes that an unusually tough challenge in the UK energy sector. Much anger is currently directed at the  ‘big six’ energy groups — Centrica, Scottish & Southern (SSE), Scottish Power, E.on, RWE and EDF — and their pricing power in the domestic market. The recent round of tariff rises, ahead of the winter heating season and in the face of a moderating wholesale market, served to underline the suggestion that

Wednesday

Lloyd Evans

PMQs sketch: Ed Miliband’s fuel bill and Labour’s trappist vow on public finances

It was a doddle for Ed Miliband at PMQs this afternoon. The nation watched agog yesterday as the energy companies deployed a handful of silk-lined suits to justify their price hikes to a parliamentary committee. Miliband arrived at the house knowing that victory was simple. He just had to fuse the Tories and Big Energy in the public mind and then sit back and enjoy the results. But he got ambushed by David Cameron who had a surprise document up his sleeve. Miliband’s fuel bill. First Cameron reminded us of his advice to consumers last week. ‘Switch your energy company and save £200.’ This idea had been instantly derided by

Isabel Hardman Isabel Hardman

Nick Clegg hints at HS2 red line for 2015 negotiations

Nick Clegg used his monthly press conference this afternoon to deliver a strongly worded attacked on Labour over its energy price freeze and lengthy, unsolicited defence of what the government is doing to tackle the cost of living. There were some mildly interesting points from the Deputy Prime Minister on energy bills, as he insisted repeatedly that he was a ‘pragmatist’ about how the money for low income and vulnerable households is raised and that talks over how some green and social taxes and levies could be removed from fuel bills were going to continue between now and the Autumn Statement. He also hit back at sacked Lib Dem Minister

Tuesday

Robert Halfon MP

We will never save the planet on the backs of the poorest

Yesterday – in a crunch vote in the House of Lords – Labour were narrowly defeated by 216 votes to 202. The issue? Energy bills. Except, this time, the Labour Party was demanding that your bills should RISE by £125 a year. Confused? The quarrel yesterday was all about the ‘2030 decarbonisation target’ – a technocratic term, which means in essence a new carbon tax on your utility bills. It would be a tax on everything. A tax on your fridge, your kettle, your oven, your TV, and every light-bulb in your home. If Britain were to commit to this now, it would mean locking in expensive forms of electricity

Isabel Hardman Isabel Hardman

The private polling behind Labour’s energy bill swagger

A select committee meeting with the Big Six firms would attract attention in any year when the companies had announced such eye-watering price rises. But it is the political frisson added by Ed Miliband’s energy price freeze pledge that makes this afternoon’s hearing quite so interesting. Labour had a swing in its step anyway as it feels it has successfully spooked the Coalition parties, but it carried out private polling last week, seen first by Coffee House, that underlined this. 70% of voters surveyed by YouGov for Labour thought the government should introduce a price freeze, with 17% rejecting it. When asked whether the the freeze was workable, 68% said

Monday

Isabel Hardman

Off colour Ofgem?

Ofgem is the energy market regulator that is supposed to be examining what it is that is going well or badly in the market. But it doesn’t seem to be doing the greatest job. This week we will hear more details about the annual competition test announced by David Cameron at PMQs last week, but the problem is that Ofgem has only just concluded an examination of this anyway. That review of the retail energy market took two years and published a series of rule changes in June 2013. The changes were designed to address ‘widespread consumer confusion over energy tariffs, poor supplier behaviour and lack of transparency which is

Isabel Hardman Isabel Hardman

Energy competition heats up

Now that ministers are nearing a deal on those green taxes and levies, they are also trying to highlight their efforts to improve the energy market in general. Privately there were a number of Conservative MPs of a similar persuasion to John Major who I spoke to last week who sympathised with the former Prime Minister’s windfall tax proposal. They argued that the energy companies are benefitting from a broken market, and this tax would simply be a tax on the extra benefits of that broken market. But Greg Barker this morning argued that it would damage investment. He told ITV’s Daybreak: ‘We think we need to balance the demands

Sunday

James Forsyth

Coalition parties near a deal on energy bills

The good news for the Cameroons on energy is that it looks like they’ll get an agreement by the Autumn Statement to take at least some of the green levies off energy bill. The bad news is that this means that the debate sparked by Ed Miliband’s pledge to freeze energy prices for 20 months if elected is going to continue until, at least, December 4th. An agreement between Cameron and Clegg on energy bills does now appear to be close. The Lib Dem anger at Cameron using PMQs to try and bounce them into a set of concessions has been replaced by a fast-moving negotiation. As one senior Number

Wednesday

Isabel Hardman

Cameron’s 30-minute warning to the Lib Dems on energy bills

The Lib Dems are cross this afternoon about David Cameron’s PMQs announcements on cutting back on green taxes in energy bills. They are mainly cross because they were only given 30 minutes’ notice of the new policy before MPs crowded into the Chamber for the session, and are insisting that ‘nothing concrete has been agreed’. A source close to Nick Clegg told Coffee House; ‘Generally you would hope that an announcement of government policy would not be handled in this way. There was a quad discussion about this but nothing detailed was put forward and nothing concrete has been agreed.’ The source dismissed briefings from Tory sources that ‘one way

Lloyd Evans Lloyd Evans

PMQs sketch: Cameron is a buffoon who might as well eat his own manifesto

At PMQs today, the Tories’s energy policy went bi-polar. The Conservatives now seem to touch both extremes of the debate. For eight years they’ve presented themselves as a gang of happy tree-huggers who applaud every green subsidy going. But today David Cameron announced his plan to ‘roll back some of the green regulations and charges’. John Major started it all. Yesterday he lurched back into front-line politics by suggesting that energy companies should pay a windfall tax this winter. Otherwise, he said, the poor will have to choose between starving or freezing to death. Number 10 called this bombshell ‘interesting’. Ed Miliband asked David Cameron if John Major was now

Isabel Hardman Isabel Hardman

Sir John Major and the Number 10 vacuum

When Ed Miliband announced his eye-catching energy policy, Tory MPs hoped that their party would respond in kind with something similarly interesting to voters but that would really work. They hoped this would underline that the Conservative party is the party of government, while Miliband was only suitable for opposition. George Osborne’s conference fuel duty freeze and his noises about green taxes and levies on fuel bills reassured many of them, but Sir John Major’s intervention yesterday has highlighted the vacuum caused by a refusal by Number 10 to engage with what one strategist described to me as ‘the footling little things’. One MP said after Major’s speech: ‘Number 10

Tuesday

The Spectator

Transcript: John Major calls for an emergency tax on energy companies

Sir John Major told a Westminster lunch this afternoon that the government should impose an emergency tax upon the energy companies to help families keep warm this winter. Here is a transcript of what the former Conservative Prime Minister said: I think when Ed Miliband made his suggestions about energy some weeks ago, I think his heart was in the right place but his head had gone walkabout. But he did touch on an issue that’s very important. The private sector is something the Conservative party supports, but when the private sector goes wrong, or behaves badly, I think it’s entirely right to make changes and put it right. Governments

Jamie Reed

Nuclear should never be ‘the last resort’

Yesterday’s agreement between the French state-owned company EDF and the UK Government regarding the ‘strike price’ for the electricity that will be generated by Hinkley C should be welcomed by everybody who cares about our environment, our economy and the security of our energy supplies. It’s taken three political parties, three Prime Ministers and two governments eight years to reach this point. Over this period, David Cameron has gone from espousing an investment-deterring policy of nuclear generation as ‘a last resort’ to welcoming the environmental and economic benefits of the industry in the shape of the deal that should pave the way for the construction of Britain’s first new nuclear

Friday

Steerpike

What’s wrong with wearing a woolly jumper for warmth?

The moment that a Downing Street spokesman recommended wearing a jumper to reduce high energy bills, you knew that two things would happen. As sure as night follows day, the Labour leader spun a line criticising the ‘out of touch government’: Their crime policy used to be ‘hug a hoodie’. Now their energy policy appears to be ‘wear a hoodie’ – @Ed_Miliband — Labour Press Team (@labourpress) October 18, 2013 Then the internet spent Friday afternoon in stitches: Cameron heard about #jumpergate whilst in his car. Pull over! he told his chauffeur — Felicity Morse (@FelicityMorse) October 18, 2013   “We’re all in knit together” #jumpergate — Lucy Rigby (@LucyRigby)