whatyareckon

The British like to ‘Keep Calm and Carry On’, but panic sets in when calm weather hits and wind power output hits the floor. What follows is another round of opportunistic price gouging by the owners of Britain’s gas-fired power plants, and remaining coal-fired plants, able to charge ludicrous amounts for electricity simply because they’re the only game in town.

Gullible MPs and cynical rent-seekers have fashioned an energy ‘policy’ deliberately designed to drive low-cost coal-fired generators out of business, and they bend over backwards to keep nuclear plants from being considered, let alone ever being built.

These days, when calm weather sets in, and the limited remaining capacity from dispatchable coal and gas-fired plants is spent, Britain’s (hopeful) power consumers soon find themselves sitting freezing in the dark.

The Germans call gloomy, windless weather ‘dunkelflaute’ which, in a country that’s meant to lead the charge on transitioning to an…