Well, many people in the environmental movement hope so.
The intentions are there, at least publicly.
But there are big questions that might put into risk doing a full, proper energy market shake up. Here are some of them:
- The incumbents and the old technology providers have a disproportional higher voice. If you have been there for decades, you sit on the working groups, industry tables and government consultation panels.
- The disruptive companies and new technology don’t sit on the table. Imagine you wanted to regulate the communications market 30 years ago. You could consult with the landline companies (sorry company) but the actual innovation has been done by companies that didn’t exist (all mobile phone companies, Microsoft, Google, Facebook, etc). A good shake up would enable these non-existing companies to disrupt the energy market quicker. There will be lots of moves for this not to happen.
- The full externalities of energy will not be considered. Because there is no global recognition of the full price of carbon primarily. Yes, certain politically acceptable things can be made but political acceptability does not take you to take into account the full externalities (it’s politically suicidal)
- Populist media will pollute the environment with stories about the cost of electricity. Probably some stories more real than others, this will raise the debate of things such as fuel poverty, which is very artificial. Why don’t we talk about beer poverty or holidays poverty?
Will the coalition government be able to navigate through these risks and deliver a proper shake up? We hope so.
http://www.decc.gov.uk/en/content/cms/news/pn10_130/pn10_130.aspx






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