Long term strategy needed in nuclear energy

Hinkley Point nuclear station:  is the UK relying too much on foreign investment?
Hinkley Point nuclear station:  is the UK relying too much on foreign investment?
SUZANNE PLUNKETT / REUTERS

Sir, Electricity is our most vital utility. Before privatisation, the CEGB was responsible for meeting all demand in both short and long term. It devised and implemented long-term strategy and would not be gainsaid by politicians with, at most, a five-year horizon. That all changed in 1990 when the industry was privatised, the new owners being motivated by short-term profits and government subsidies. Since then ownership has changed repeatedly and is now dominated by foreign governments. An economist will argue that this does not matter because the law of supply and demand will always ensure that we have electricity — as long as we are prepared to pay for it. However, it matters because foreign owners will always put their interests before ours.

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