New Statesman energy supplement – May 2006

My contribution to the NS energy supplement, “Wasting assets“) focussed on energy efficiency starts with the remarkable fact that the internal rate of return on the small investment of £2.50 in replacing a conventional lightbulb with a low energy lightbulb is about 400%. Believe it or not ( and understand how sad that is…) I’ve got this investment case worked out on a spreadsheet.This is part of a wider and much larger case for energy efficiency. Continue reading “New Statesman energy supplement – May 2006”

Nationalise infrastructure?

Was presenting at an interesting Oxera conference today. Amazing suggestion – not quite a proposal – from one famous speaker… when the government stands behind the main networks, as it always will…. electricity, gas, water etc. why does the consumer pay market interest rates (as the government ultimately bears the risks)? In other words, why not give these operations quasi-public sector status and let them borrow at the Treasury rate, making it cheaper for the consumer?

A most unexpected place to find the incubation of the coming era of ‘new’ socialism…