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Nuclear subsidies for Hinkley Point facility will cost far more than is claimed

UK-subsidyNuclear Subsidies NuClear News, Feb 2015 The Energy Fair group has examined (1) the findings by the Directorate General for Competition of the European Commission (EC) (2) that, with regard to the proposed new nuclear power plant at Hinkley Point, “the package of measures notified by the UK involves State aid which, as amended by the commitments provided, is compatible with the internal market.
It concludes that some key arguments and conclusions in the commission document are false. And it appears that the errors in these arguments and conclusions arise largely from seriously deficient understandings of technical aspects of nuclear power and technical aspects of electricity supply systems. The EC document’s main focus is on the proposed “Contract for Difference” (CfD),“Credit Guarantee” (CG), and “Secretary of State Agreement” (SSA).
But Hinkley Point C (HPC), if it were to be built, would benefit from several other subsidies, several of them large, and most of them not widely recognised. Energy Fair estimates that if the cost of all these other subsidies were to be included the cost of electricity generate would be at least £196.50/MWh
In fact, taking account of the costs arising from nuclear waste that will be dangerous for thousands of years, it is entirely possible that the true costs associated with any nuclear plant, including HPC, will be greater than the total value of the electricity that it may produce. Energy Fair shows how renewables, including conservation of energy, are more than sufficient to meet our needs, and can do so better than nuclear power, and more cheaply.
http://www.no2nuclearpower.org.uk/nuclearnews/NuClearNewsNo71.pdf

February 18, 2015 - Posted by | politics, UK

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