UK: Conservatives against Hinkley nuclear power project


Ben Caldecott said “we seem to be re-entering reality, there is an opportunity to develop a new ‘Plan A’ … A range of technologies can easily fill the envisioned capacity that Hinkley would have provided in the late 2020s had it been successfully delivered on the current (and already significantly delayed) construction schedule. They can also do this much more cheaply. Cancelling Hinkley would provide greater certainty for investors in other technologies thereby encouraging investment in new capacity today.” .
He said the price of onshore wind is already much cheaper than nuclear (£85/MWh today and expected to fall to £60/MWh by 2020), with large-scale PV (expected to fall to £80/MWh by 2020) and offshore wind (expected to fall to £80/MWh by 2025) set to do the same – all well before Hinkley would start to receive its staggeringly high guaranteed and index-linked £92.50/MWh.
He goes on to say that Bright Blue will be publishing specific recommendations on energy efficiency soon, and that small modular nuclear reactors are very unlikely to be commercially available at all, let alone before the 2030s in any scalable, cost-competitive or politically acceptable way. They are too uncertain in terms of likelihood and cost for us to place too much faith in them yet, apart from perhaps investing in more R&D. “Blind faith in new nuclear and shale gas have yielded precisely zero for UK security of supply, despite constant rhetoric to the contrary, and yet more punts in high risk areas would not be prudent.” http://www.no2nuclearpower.org.uk/nuclearnews/NuClearNewsNo87.pdf
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