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No subsidy for nuclear power plants, says UK govt

there will be no levy, direct payment or market support for electricity supplied or capacity provided by a private sector new nuclear operator, unless similar support is also made available more widely to other types of generation,” said Chris Huhne, secretary of state for energy and climate change.

Subsidy for eight nuclear reactors rejected, FT.com, By Sylvia Pfeifer  October 18 2010 Ministers said they would not rule out taking on “financial risks” as the government paved the way for eight new nuclear reactors, but they insisted there would be “no subsidy” for new nuclear power.
“This means there will be no levy, direct payment or market support for electricity supplied or capacity provided by a private sector new nuclear operator, unless similar support is also made available more widely to other types of generation,” said Chris Huhne, secretary of state for energy and climate change.

He made the remarks on Monday as he unveiled a revised draft national policy statement outlining a need for new reactors and gave the go-ahead for operators to use two new designs, Westinghouse’s AP1000 and Areva’s EPR.

Mr Huhne also confirmed there would be no state funding for the Severn tidal power project, saying the government did not see “a strategic case at this time for public funding”………..

Even though the government reiterated it would not provide any subsidies for new nuclear plants, Mr Huhne said it would not rule out action to take on “financial risks or liabilities” for which it was compensated.

Under the Energy Act, new nuclear operators must have arrangements in place to meet the full costs of decommissioning and their full share of waste management costs.

However, Mr Huhne said the government would not rule out assuming responsibility for radioactive waste, including spent fuel “at a fixed price”, provided it properly reflected any financial risks or liabilities assumed by the state.

The statement clarified that the list of potential sites for new plants had been cut to eight from 10.

Kirksanton and Braystones in Cumbria are no longer considered suitable due to the potential impact that new plants could have on the Lake District National Park.

The site at Dungeness in Kent was also deemed unsuitable.

FT.com / UK / Economy & Trade – Subsidy for eight nuclear reactors rejected

October 18, 2010 - Posted by | politics, UK | , , ,

1 Comment »

  1. Not giving subsidy and yet allowing nuclear plants to mushroom amounts to sitting on the fence.With some 441 nuclear plants already encircling the globe, each of them is like a time bomb whose time has not yet come and no one knows when it will!It is wiser to invest in RE sources like solar which is infinite and tidal, geothermal , wind , biomass etc which are very safe. The tall claims that 3rd / 4th generation nuclear plants are “safer” is no consolation. Would anyone fly in an aeroplane if the pilot tells there is only 99% chance of landing safely?It is quite clear that the striking reach of nuclear disasters is global , and its radiation affects not only the present generation , but also those unborn and those to be born tomorrow!Lets vote for abandoning the nuclear pathway.

    Comment by S SARAN | October 25, 2010 | Reply


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