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Originally Posted by nomadking
Not quite sure how any of all that lowers the price of gas and other energy that comes from outside of the UK.
The biggest problem with infrastructure products is the ridiculous amount of time the planning permission process takes. Eg Thames Water have been trying to get permission for creating a new reservoir for over 10 years.
The UK has become too much of an undesirable place to do business(nothing to do with Brexit). Just look at all the nasty attention, individuals and businesses get from the media and the public. If I had a great business or technological idea, I wouldn't want to set up in the UK. Too much anti-success sentiment. It's been like that for decades.
It you're not trashed by the media and the public, you get trashed by taxes and over regulation, which adds to business costs.
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Agree with you on planning permission but the Conservative Party who have governed the country for the last 12 years are sympathetic to NIMBYS and make it hard for onshore wind turbines - the cheapest form of electricity. In their defence, it's a small country.
Private energy companies tend not to invest in long-term infrastructure and energy is a long-term business.
If you're overly-concerned about what people think of you, you're unlikely to be a successful entrepreneur. I don't think the UK is anti-success. The grass next door is not always greener.
---------- Post added at 10:56 ---------- Previous post was at 10:53 ----------
Quote:
Originally Posted by TheDaddy
You know they only have to cut leaks by 16% for ofwat to be happy, water is the worst example of privatisation imo, 2 billion a year in dividends, companies loaded with debt and bugger all done to replace the infrastructure hence 2.4 billion litres of water lost a day
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I would say it's worse than power. Power is more complicated with hedging and forward purchasing of energy, a complicated supply chain, plus switching suppliers, smart meters, an array of charging structures etc.
Water is a lot less complex and is a monopoly at regional level. To not get the basics right here is appalling. In my area, for example, there's a Thames Water leak that's been ongoing for at least three weeks impacting households' water supplies as well as blocking the road and being wasteful.