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UK’s new nukes – prices guaranteed for investors, not for UK consumers

Britain’s first new nuclear plant in 20 years: David Cameron accused over guaranteed energy prices for foreign investors Prime Minister accused of freezing future prices for large companies but not for consumers, The independent  JAMES LEGGE  MONDAY 21 OCTOBER 2013 THE PRIME MINISTER HAS HAILED AS “BRILLIANT NEWS” THE MULTI-BILLION POUND DEAL TO BUILD THE UK’S FIRST NEW NUCLEAR POWER STATION IN 20 YEARS. BUT LABOUR ACCUSED DAVID CAMERON OF DEFENDING THE “RIDICULOUS POSITION” OF SETTING FUTURE ENERGY PRICES FOR LARGE COMPANIES, WHILST REJECTING ED MILIBAND’S PROPOSED ENERGY PRICE FREEZE.

The power station agreement announced today includes a controversial Government guarantee that investors will get more than £92.50 per megawatt hour of energy produced – double the current market price……http://www.independent.co.uk/news/business/news/britains-first-new-nuclear-plant-in-20-years-david-cameron-accused-over-guaranteed-energy-prices-for-foreign-investors-8893954.html

October 21, 2013 - Posted by | general

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