The UK energy bill is a (losing) "£200bn bet on our energy future."

Damian Carrington in the Guardian: “There is a simple way to think about the complex energy policy decisions made today: it is a £200bn bet on the UK’s energy future. What’s more, the money on the table belongs to you. Win or lose, every electricity and gas customer will pick up the tab for this wager for decades to come.” “The greatest failing of the new energy policy is the woeful underplaying of the cheapest option of all: energy efficiency. Almost all the incentives are aimed at producing more power, none at reducing the demand. Why is the UK planning for an increase in electricity demand of up to two-thirds in 2050, when Europe’s manufacturing powerhouse, Germany, is planning for a cut of a quarter?”