nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

UK wind power – much cheaper than planned Wylfa nuclear power plant

‘Cheap’ power at Wylfa nuclear plant blown away by wind, The Times,   The electricity generated by the Wylfa nuclear plant could be about a fifth
cheaper than Hinkley Point’s but is likely to be much more expensive than
power from the latest offshore wind farms. It is understood that a figure
of close to £75 per megawatt-hour is under discussion as the “strike
price” that Hitachi, the Japanese conglomerate developing the Anglesey
plant, would be guaranteed by the government for the electricity it
produces. The difference between the guaranteed price and the wholesale
price — currently £50 per MWh — would be paid for by consumers through
levies on their energy bills.

Ministers are preparing to announce next week
the outline of a deal to fund the proposed Wylfa plant, which could cost in
excess of £15 billion. The twin-reactor plant could generate 2.9 gigawatts
of electricity, enough to power five million homes. It is due to start
generating in the mid 2020s. The government plans to invest directly in
Wylfa, as well as to offer extensive guarantee loans for the project. These
measures are designed to cut the cost of the project and so lower the price
that consumers will have to cover.

Critics of nuclear power are likely to
draw unfavourable comparisons with offshore wind. Two projects in UK waters
were awarded guarantees prices of £57.50 per MWh last year. Some onshore
wind and solar projects are being built without any subsidy.
https://www.thetimes.co.uk/article/cheap-power-at-nuclear-plant-blown-away-by-wind-3bzc2h5qm

Advertisements

June 1, 2018 - Posted by | business and costs, politics, renewable, UK

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: