The Chief Executive of National Grid, John Pettigrew, has warned that renationalisation is the “last thing the industry needs” as the sector seeks to add more wind and solar onto the UK’s power grids.
Speaking to the Guardian on Friday 19 May, Pettigrew said to take advantage of clean energy technologues, the industry required stable regulation and policies.
Pettigrew explained that the grid had coped with rapid growth in variable power from windfarms and solar panels in the past five years, but these technologies would be hit by instability caused by the Labour Party’s plans. Pettigrew added: “To spend tens of billions on taxpayer money on nationalisation I’m just not convinced would be in the interest of taxpayers nor of energy consumers going forward.”
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