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Any other business

Martin Vander Weyer: The BBC should replace Robert Peston with Grayson Perry

Plus: Any nuke news is good news; why I'm sure energy companies aren't exploiting me

26 October 2013

9:00 AM

26 October 2013

9:00 AM

Prediction, as Mervyn King once observed, is ‘a stab in the dark’. Who can say with confidence where the wholesale price of electricity will be in ten years’ time, let alone 45 years hence at the end of the contract struck by Energy Secretary Ed Davey with EDF of France for the building of the £16 billion Hinkley Point nuclear station? We can be pretty sure the price will be a lot higher than today’s and it’s not mad to think it might have doubled by 2023, which is the starting assumption of the EDF deal.

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