nuclear-news

UK’s nuclear plants viable only with advance levy on customers

Budget 2010: Consumers face levy on energy bills to pay for nuclear plants The Guardian UK  25 March 2010 The government has officially confirmed plans for a new carbon levy on consumer bills which it hopes will make building new nuclear plants viable, as the Guardian revealed in October last year.Nuclear companies like EDF Energy have warned they will not make the billions of pounds of investment necessary in the UK without government financial guarantees.

Speaking to the Guardian, the energy secretary, Ed Miliband, admitted that the energy market needed “radical reform”, but denied the plans amounted to subsidies for the nuclear industry………

Environmentalists like Conservative MP Zac Goldsmith and Greenpeace are opposed to nuclear, in part because of the industry’s history of relying on state subsidies to meet escalating costs.

Budget 2010: Consumers face levy on energy bills to pay for nuclear plants | UK news | The Guardian

March 26, 2010 - Posted by Christina Macpherson | business and costs, UK | antinuclear, nuclear costs, nuclear spin, reactors