| Electricity prices in the UK are painful, and galling when set by the price of gas, but it’s worth remembering that this model and all this expense has bought a major asset that will only become more important and strategic. The next milestones to hit are: * A 10x increase in generation capacity * A 100x increase in storage capacity * A 1000x increase in seasonal storage capacity * Electrification of heating * Electrification of synfuels and synthetic chemical feedstocks Full energy sovereignty is achievable within 10 years at wartime-spending levels. Probably 30 years otherwise. Rehabilitation of nuclear is almost certainly required for the transition and a very good hedge / backstop regardless. |