Europe Experiencing Energy Woes

Europe Experiencing Energy Woes

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Energy policy in Europe has resulted in high energy costs and unreliable delivery of electric power. As Mississippi seeks economic development opportunities, targets should include manufacturers in Europe and other places around the globe with high energy costs and little to no reserve capacity. Lance Brown writes, “In the United Kingdom, the nation’s official energy agency is warning that the UK could run out of generating capacity in the winter of 2015-2016. The culprit? Reserve power capacity in the UK will drop from a robust 14% to just 4% in the next three years because of the closure of coal-fired power plants. Investing in less reliable sources of energy will not only mean possible outages on the island, but an increased reliance on imported natural gas.” Read more here.

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