Updates
August 16, 2019: lies, lies, and more lies.
Original Post
Link here. To get past the paywall, google: financial times can national grid transition to renewable energy.
But for National Grid, the joke was a reminder that the worst blackout since 2003 came as it faces uncomfortable questions about its monopoly in running a fast-changing electricity system that is moving towards cleaner-burning fuels.
The opposition Labour party has called for the company, which was privatised almost 30 years ago, to be brought back under state control.
The regulator, Ofgem, has vowed to curb its returns to investors. The company is navigating the government’s highly ambitious overhaul of the country’s energy supplies, which involves dramatically increasing the amount of wind and solar on the grid.
Memo to investors: move on.
I provided a solution to this problem some days ago. This is not rocket science.
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