Jan. 24, 2001: Energy Crisis in Calif. | Video - ABC News
I'm told that focus groups are reporting that approval of Ed miliband's new policy is "off the scale."
I'm sure it will stay that way with some people until the moment of the first power cut.
The bizare thing is, Ed Miliband cannot possibly be unaware that Britain has for years been in serious danger of power cuts. He was secretary of state for energy in the latter years of the last decade when projections were published suggesting that power cuts in this one were not just possible but likely.
Here's what I wrote on this blog at the time, four years ago:
When the lights go out.
Grateful to Tim Walker @ThatTimWalker who posted a link to this page on the ABC news archive with an eight minute 2001 report on what happened when California capped retail energy prices while making the false assumption that wholesale energy prices would go down, which they didn't.
Instead, and partly because of the policy, wholesale energy prices rose - sometimes well above the cap on retail prices, with the result that power retailers were forced to sell electricity for a considerably lower price than they were paying for it.
Yes, they ended up with rolling power blackouts lasting up to two hours, children trapped in lifts when the power went out, cars crashing when the traffic lights went out ...
As I have said, Miliband cannot possibly be unaware that Britain was already in danger of power cuts in the next parliament. Is it possible that he doesn't expect to be in power and is merely aiming to get as close to winning as possible without actually doing it?
I'm told that focus groups are reporting that approval of Ed miliband's new policy is "off the scale."
I'm sure it will stay that way with some people until the moment of the first power cut.
The bizare thing is, Ed Miliband cannot possibly be unaware that Britain has for years been in serious danger of power cuts. He was secretary of state for energy in the latter years of the last decade when projections were published suggesting that power cuts in this one were not just possible but likely.
Here's what I wrote on this blog at the time, four years ago:
When the lights go out.
Grateful to Tim Walker @ThatTimWalker who posted a link to this page on the ABC news archive with an eight minute 2001 report on what happened when California capped retail energy prices while making the false assumption that wholesale energy prices would go down, which they didn't.
Instead, and partly because of the policy, wholesale energy prices rose - sometimes well above the cap on retail prices, with the result that power retailers were forced to sell electricity for a considerably lower price than they were paying for it.
Yes, they ended up with rolling power blackouts lasting up to two hours, children trapped in lifts when the power went out, cars crashing when the traffic lights went out ...
As I have said, Miliband cannot possibly be unaware that Britain was already in danger of power cuts in the next parliament. Is it possible that he doesn't expect to be in power and is merely aiming to get as close to winning as possible without actually doing it?
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