By Nigel Lawson (auth.), Paul Tempest (eds.)
Paul Tempest power economics is, in nationwide coverage, an important element of inter part the place executive, undefined, finance, examine and plenty of different pursuits meet. In Britain, it isn't a known career or educational self-discipline in its personal correct. possibly it's a part of our nationwide type and history that it by no means will be so compartmentalised. certainly, strength economics is an curiosity which can't simply be con strained inside even nationwide boundanes: overseas power mar kets impinge far and wide via exterior call for, provide and cost affecting profoundly each element of the economic system. THE BRITISH INSTITUTE OF power ECONOMICS over the past few years, an expanding want has been extensively perceived at no cost and open dialogue of the key power and eco nomic problems with the day. effortless conversation and the joint imple mentation of technological development appear, all over the world, the most secure path to resolving nationwide and overseas difficulties. Such co operation and interchange additionally deliver into the sunshine nationwide and native political myopia, bureaucratic inertia, educational dogma and the dis tortions of a less than excellent marketplace system.
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Additional resources for Energy Economics in Britain
They implied the injection of large sums of public capital into the coal industry over an extended period. They required sustained improvements in mining productivity if the National Coal Board was to become both increasingly competitive with other fuels and avoid a substantial increase in its workforce and costs. They necessitated the spread of mining activities into localities that currently have no such tradition, implying the construction of new communitieshomes, schools, hospitals, shops and churches - new roads, new railways and the like, and thereby altering both the land use and the appearance of some parts of the country.
Given the possibility that delivered coal prices to Western Europe could well soften in the medium term as Polish supplies recover and port congestion eases, it remains an open question as to how long such a Coal in Britain / 29 marketing strategy would make sound commercial sense. Nevertheless, the Board appear to want to make substantial export sales part of their medium term marketing strategy. On more than one occasion it was noted that they were looking for new port facilities which would allow them to increase exports to 15 million tonnes each year.
It is with the international context of British coal that the next section is concerned. Coal in Britain / 27 THE INTERNATIONAL CONTEXT OF THE BRITISH INDUSTRY Throughout the late 1970s, Britain was generally a net importer of coal, although the quantities involved were relatively small. 3 million tonnes. Part of these imports were coking coal, bought on term contracts by the British Steel Corporation from Poland, the USA and Australia for reasons of both their quality and their price. In late 1979, the Corporation announced that it wished to double its imports to between 5 and 6 million tonnes, a quantity equivalent to half of its requirements.
Energy Economics in Britain by Nigel Lawson (auth.), Paul Tempest (eds.)