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We have ‘taken back control’. Now we must know the energy future

The energy business, like most others, operates best – and most cost-effectively – in a stable environment with policy visibility. And in recent years most will say that the biggest uncertainty has been political risk. The UK has been quite complacent about this, arguing that its strong history of avoiding retrospective changes and ‘grandfathering’ measures made it a very different operating environment than, for example, Spain, which cut tariffs on existing renewable energy projects.

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