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UK will make consumers fund nuclear energy

UK wants consumers to fund nuclear through higher utility bills, Smart Planet,  By Mark Halper | May 22, 2012, The UK government will today propose legislation that would guarantee profits to nuclear power providers by permitting them to charge more on consumers’ bills, BBC radio is reporting….  By putting the financial burden on consumers, the UK would attempt to sidestep a European regulation that prohibits direct state subsidies of nuclear power, BBC presenter John Humphrys pointed out while interviewing Energy Secretary Ed Davey on the Today programme on BBC Radio 4  (audio link expires May 29)……

Even if the Government passes the draft bill, there’s no certainty that nuclear companies would invest in new plants. David Toke, senior lecturer at the University of Birmingham, told the radio program that British nuclear would still remain “a dead duck.”  (Audio link expires May 29).

The UK’s existing nuclear fleet was built decades ago, when the British power industry was still nationalized. Meanwhile, several media outlets are reporting that the UK’s nuclear regulator, the Office for Nuclear Regulation, now wants to extend the life of those reactors.  http://www.smartplanet.com/blog/intelligent-energy/uk-wants-consumers-to-fund-nuclear-through-higher-utility-bills/16133

May 23, 2012 - Posted by | general

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