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« Stitching up the gas market | Main | Beeb responds »
Wednesday
Feb092011

Stitching up the electricity market

This from the agenda for today in the House of Commons:

9 Energy and Climate Change

10.00 am Room 19 (private)  10.15 am (public)

Subject: Electricity Market Reform.

Witnesses: Riverstone, Citigroup Global Markets, Virgin Green Fund, and Climate Change Capital; RSPB, Greenpeace, WWF, and Friends of the Earth (at 11.15 am).

Nobody to put the case for the consumer then. Anyone could end up with the impression that Chris Huhne is trying to organise a stitch up of the electricity market to benefit his green friends.

 

 

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Reader Comments (28)

So what happens in private between 10 and 10:15? Agree what's to be said in public, presumably.

Feb 9, 2011 at 12:30 PM | Unregistered CommenterJames P

Oh wonderful!
Let's hear all the NGOs with vested interests!
But let's definitely not hear those who have to pay for the 'recommendations', especially since they are the same who pay for Mr Hoo-Stick to represent their interests ...

Sometimes ........ I wish for the second coming of the original Guy Fawkes.

Feb 9, 2011 at 12:33 PM | Unregistered CommenterViv Evans

James P

Compare brown envelopes?

Feb 9, 2011 at 12:35 PM | Unregistered CommenterMartin Brumby

I don't see the problem, it's not like we didn't all vote for energy policy to be determined by Greenpiss, Fiends of less worth, and a bunch of American wrestlers.

Feb 9, 2011 at 12:35 PM | Unregistered CommenterMackemX

Electricity Market Reform.
Right - so can someone explain to me what the hell the RSPB, WWF, and Friends of The Earth have got to do with the electricity market..?
Shouldn't there be someone there from (as Bish rightly points out) consumers - including major industries such as aluminium..?
Obviously the other witnesses have dark green credentials - no change there, then.

Feb 9, 2011 at 1:02 PM | Unregistered CommenterDavid

Between 10:00 & 10:15 they have to approve the minutes of the last meeting of The Mutual Admiration Society.

Feb 9, 2011 at 1:07 PM | Unregistered Commentersimpleseekeraftertruth

Bugger Guy Fawkes, the guillotine would be more effective.

Feb 9, 2011 at 1:07 PM | Unregistered CommenterMartyn

Anyone could end up with the impression that Chris Huhne is trying to organise a stitch up of the electricity market to benefit his green friends.

Indeed they could but this sort of political shenanigans under the cover of the green agenda has been going on for yonks. The past master at it all was perhaps former Labour energy minister Brian Wilson (2001-03). (Oddly, the Blair-Brown years saw the appointment of enough energy ministers to form a football team with a spare or two for a subs bench.)

In April 2004, The Daily Telegraph noted that:

“A private equity house backed by Paul Myners, the Guardian Media Group chairman, and Sir David Frost, the broadcaster, is about to turn wind into money. Englefield Capital is set to sell its stake in Zephyr Investments, Britain’s biggest wind energy provider, for more than three times what it paid for the business just three years ago.”

As you know, Paul Myners went on to a seat in the House of Lords and a post as City Minister in Gordon Brown’s “cabinet of all the talents”. It would of course be disgraceful to suggest that The Guardian was ever, in any shape or form, influenced by its chairman and his ability to trouser dosh like there was no tomorrow from the AGW agenda.

An 2008 essay notes that:

“Speaking to the BBC in May 2007, prominent Greenpeace anti-nuclear activist Jean McSorley noted that ‘Labour has often castigated the old boy network, the public school tie and so on but they have a similar network. It depends who you know in the unions or ex-Labour ministers’ ”.

The irony of her comment of course is that, while what she says is true, Greenpeace was, is and plans to stay up there with the bestest, the richest and the sleekest. The essay added that:

“Political colleague Brian Wilson, who consented the North Hoyle project, quit as energy minister in 2003. Appointed Tony Blair’s middle east representative, he won a $300 million Iraq reconstruction contract from Washington for AMEC, co-developer with British Energy of the largest part of the Lewis project, instigated when he was energy minister. His interests now include non-exec posts with AMEC’s nuclear division, Airtricity (just bought by Scottish & Southern, for whom he arranged lucrative hydro-power subsidies) and the Parkmead Group, a merchant bank ‘focused in providing advisory services to and investing in the oil, gas and energy sectors’ ”.

And so on and so forth - but you get the idea.

Ref:

http://www.swap.org.uk/documents/Reports/2008-02_Strange_Bedfellows.pdf

Feb 9, 2011 at 1:18 PM | Unregistered CommenterDaveB

This is dumber than appointing vegans as menu advisers for a steakhouse

Feb 9, 2011 at 1:19 PM | Unregistered Commentergolf charley