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New report shows that Britain’s Hinkley Point C nuclear station is not essential

Hinkley planHinkley Point C nuclear plant not essential – think tank, BBC News 26 Aug 16, The Hinkley Point C nuclear power plant is “not essential” for the UK to meet its energy and climate change targets, according to a think tank.

The Energy and Climate Intelligence Unit (ECIU) also said opting for “established” approaches instead would save bill payers £1bn a year in total.

EDF Energy, which has agreed to back Hinkley, said the ECIU report did not offer “credible alternatives”.

The government is due to make a final decision on Hinkley in the autumn………

One of the report’s authors, former Npower chief executive, Paul Massara – who now runs North Star Solar – said: “You are looking at a deal which is two and half times the current price, it goes on for 35 years and effectively this report today shows we can transition to a low carbon, affordable secure option without Hinkley and that’s what we should be doing.”

Mr Massara said a more “flexible” cost saving approach was needed that “includes things like demand-side management, which means people can turn down their electricity demand and manage their demand, with smart meters and batteries which are going to come in the next five to six years”…….

In its report, the not-for-profit ECIU made the assumption that “the total annual cost of Hinkley will probably be about £2.5bn”.

It then calculated the cost of a basket of alternative measures to meet the country’s energy and climate change targets, and concluded that bill payers, both domestic and business, would end up paying a total of £1bn less per year for their energy if they were adopted than if Hinkley C were built.

‘Not essential’

The think tank’s alternative proposals include building more wind farms and gas-fired power stations than are currently planned and laying more cables connecting the UK grid with other countries.

“Our conclusion is that [Hinkley Point’s] not essential,” said ECIU director, Richard Black.

“Using tried and tested technologies, with nothing unproven or futuristic, Britain can meet all its targets and do so at lower cost,” he added……..http://www.bbc.com/news/business-37191222

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August 27, 2016 - Posted by | ENERGY, UK

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