Nick Clegg gave an excellent interview on the collapse of EdF’s bid for British Energy on today’s World at One.
He welcomed the collapse as an opportunity to rethink the whole [energy] strategy instead of selling off British assets at a cut price to pursue its nuclear strategy. He also commented that, as I have argued in previous posts, there is simply not enough competition in the UK energy market with too much power concentrated in too few hands.
Quite right!
