This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Vincent de Rivaz (“The nuclear option is essential for our future, The Times Opinion, 17 Sep) is quite right to say that the Energy Bill is “one of the most important Bills of this Parliament”, because the energy sector at the core of our economy, crucial for growth and jobs. It accounted for 4.4% of GDP in 2011 and represents around half of industrial investment in the UK.
The iconic infrastructural commitment, which characterised FDR’s response to US economic woes in the 1930s was an investment in the energy sector - the Hoover Dam. And so it will be here; working with industry, Government will embark upon the greatest reform of the electricity market since privatisation to facilitate unprecedented new investment - with nuclear power playing a key role alongside other technologies.