Nationalize all power utilities and use their capital to build new plants. That costs the government nothing, and power will get cheaper even if the nuclear plans fail because their profit margins would be limited by law. It's also the best way to enforce a transition away from fossil fuels.
The costs are actually substantial, but measured in things other than money. Countries have nationalised things in the past, including energy, (think Cuba, Venezuela, Iran etc). The real cost tends to be in lost investor confidence at the bottom end, up to massive sanctions at the top end.
> because their profit margins would be limited by law
yes, and no. I've lived in a place where selling price was below cost price for electrcity (with a Govt run electricity production.) Ultimately the price is paid out of the budget, which in turn is not infinite. Pressure on the budget in turn leads to redicing costs - like proper maintainence. There's some serious long term pain that is at the end of this path.
In most Western countries, you cannot just confiscate someone else's property without adequate compensation.
"That costs the government nothing"
It does - it costs you your international reputation, willingness of other countries to trade with you and invest in your economy, lost arbitrations in courts. Once you mount this particular tiger of just taking things you want by force, you are riding it all the way towards the "let us build glorious autarky!" club, whose members are famous for their blackouts.
Once upon a time, if you started nationalizing industries, you could at least rely on the Soviet Bloc to support you. That was their ideology, after all. Now the Soviet Bloc is gone, Russia is an economic dwarf and China is not interested in supporting precedents like that - they have too many investments abroad to encourage others to fleece foreigners.
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Nationalize all power utilities and use their capital to build new plants. That costs the government nothing, and power will get cheaper even if the nuclear plans fail because their profit margins would be limited by law. It's also the best way to enforce a transition away from fossil fuels.
The costs are actually substantial, but measured in things other than money. Countries have nationalised things in the past, including energy, (think Cuba, Venezuela, Iran etc). The real cost tends to be in lost investor confidence at the bottom end, up to massive sanctions at the top end.
yes, and no. I've lived in a place where selling price was below cost price for electrcity (with a Govt run electricity production.) Ultimately the price is paid out of the budget, which in turn is not infinite. Pressure on the budget in turn leads to redicing costs - like proper maintainence. There's some serious long term pain that is at the end of this path.
Cuba, Venezuela, Iran have many problems, nationalizing energy production is only one of them, mostly it is the corrupt government.
On the other hand France fully nationalized EDF and results are good.
https://www.edf.fr/en/2025-annual-results
https://datacentremagazine.com/news/how-france-is-set-to-bec...
In most Western countries, you cannot just confiscate someone else's property without adequate compensation.
"That costs the government nothing"
It does - it costs you your international reputation, willingness of other countries to trade with you and invest in your economy, lost arbitrations in courts. Once you mount this particular tiger of just taking things you want by force, you are riding it all the way towards the "let us build glorious autarky!" club, whose members are famous for their blackouts.
Once upon a time, if you started nationalizing industries, you could at least rely on the Soviet Bloc to support you. That was their ideology, after all. Now the Soviet Bloc is gone, Russia is an economic dwarf and China is not interested in supporting precedents like that - they have too many investments abroad to encourage others to fleece foreigners.