Jay Elwes
Both Rachel Reeves and Peter Aldous are right—the way nations power themselves is changing, and Britain is no exception. Technological advances and the continued fall in the cost of renewable energy mean that the potential for new, green power systems in Britain is much greater than even a decade ago.
The main barrier to renewable energy used to be price. But that’s no longer the case. Mass production of solar technology, especially in China, has brought costs down so low you can now buy solar panels in IKEA. The UK’s extensive coastal waters means the country has been quick to develop great strengths in off-shore wind. This has been so successful that UK off-shore wind energy has become cheaper to generate than nuclear.