Sir Ed Davey. Three words that tell you everything you need to know about the worthlessness of Britain’s honours system, the backscratching, sod-the-electorate trashiness of its political class and the still, as-yet-unaddressed lunacy of its energy policy.
In an extremely crowded field, Ed Davey is generally reckoned to have been Britain’s worst ever Secretary of State for Energy and Climate Change. The only reason he got the job was because his predecessor Chris Huhne was unexpectedly banged up in jail and the desperate David Cameron needed a Liberal Democrat, any Liberal Democrat, to take on the job because of his (Cameron’s) suicidally stupid decision to hand the keys to the Department of Energy and Climate Change (DECC) to his bedwetting Coalition partners.
Apart from carpeting Britain’s landscape with ever more bat-chomping, bird-slicing eco-crucifixes, Davey’s principal achievement in office was negotiating the contract with the French company EDF to build the Hinkley Point nuclear power station, described by one industry analyst as “the worst deal I’ve ever seen.”
Indeed. The current going rate for electricity is £33 per megawatt hour.
But the brilliant deal Davey somehow managed to extract from a naturally very reluctant EDF was to persuade them to accept a modest £92.50 per megawatt hour, inflation adjusted. For those, like Davey, unable to do the maths, that is approximately three times the market rate – over a period of 35 years, paid for of course by the taxpayer.
Read the rest at Breitbart.