The EU's Uncertain Energy Future
The operating environment for energy firms in the European Union is extremely challenging, as the bloc's energy policy and its future direction remains confused. Governments are struggling to balance their flagging commitment to environmental sustainability with a desire to restrain rising energy prices, and the result has been policy confusion and worrying under-investment. With cheap coal prices discouraging the construction of expensive gas-fired power plants, the bloc faces a real risk of sleepwalking into a power shortage when a significant amount coal capacity is taken offline by 2016. This week's podcast features Georgie Hayden, an analyst with BMI's Renewable Power team, and discusses the EU's future energy security and capacity expansion plans in light of the uncertain policy environment.