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NuGen’s failing Moorside nuclear project will cost Cumbrian residents a multimillion-pound bill for the preparatory work

Times 10th Nov 2018 Consumers face a multimillion-pound bill for work carried out in preparation for the proposed Cumbrian nuclear plant that may never be built.

National Grid said that it had spent tens of millions of pounds planning the 100-mile power line to connect Nugen’s Moorside plant to the electricity transmission network. Much of the cost is expected to be recovered from households and businesses via levies on their energy bills for decades to come. John Pettigrew, chief executive, said that work on the Moorside line had cost “tens of millions” of pounds and that there was a “regulatory process” to recover the costs.

Nugen is obliged to cover some of the cost, but one industry source said that it was on the hook for a little more than £10 million, while National Grid’s expenditure was thought to be in the high double digits. National Grid is expected to submit a claim to Ofgem, the energy regulator, to recoup the rest from consumers.

The regulator can refuse to allow expenditure it deems inefficient, but the rules are thought likely to allow the company to recover at least half of its costs. The eventual £2.8 billion proposal included £1.9 billion of “measures to reduce its impact on people, places and the environment”, including burying the lines through a 14-mile stretch of the Lake District and a 13-mile tunnel under MorecambeBay.
https://www.thetimes.co.uk/article/f1630fa6-e458-11e8-9838-efa7e96cbe2b

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November 12, 2018 - Posted by | business and costs, UK

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