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UK Labour undermines renewable energy pledges with state ownership plan for new nuclear power plant.

Dave Toke’s Blog 17th March 2019, Labour’s energy spokesperson, Rebecca Long-Bailey, having previously pledged to put renewable energy on top of the energy agenda has now relegated it far below nuclear power. They have done this with a pledge to take partial state ownership of new nuclear power projects and saying they will do this for nuclear projects that have been abandoned. But giving state priority to these projects, far from keeping the lights on will actually ruin the chances of aspiring renewable energy generators.

The figures speak for themselves. Bailey pledges to reverse what she calls the Government’s ‘cancellations’ of new nuclear projects (Moorside, Oldbury, Wylfa) (factcheck; it was the developers who cancelled them despite being promised tens of billions of state aid). If these projects are brought on line (in addition to the existing Sizewell B and still-not-cancelled projects of Hinkley C and Sizewell C) then nuclear generation will climb to at least 35 per cent of current generation – and even that does not count the Chinese led project at Bradwell.

Meanwhile renewable energy generated 33% of UK electricity in 2018, a figure that, with the recently announced ‘sector deal’ for offshore wind, will increase to around 65% by 2030 even without any more onshore wind and solar pv which the Labour Party claims to support. It doesn’t need a mathematical genius to work out that with 35% coming from nuclear power, there simply will not be any market space for any more renewable energy.

Yet renewable energy, as we have discussed is cheap, becoming cheaper, and needs little or no public subsidy – a big contrast with nuclear, which despite all the promised support, high consumer subsidies, public guarantees of loan funding (none of which is available for new renewable schemes) has failed so far to generate a single kWh. And it will not until at least 2026 even if EDF’s schedules for Hinkley C construction prove (miraculously in the light of recent nuclear construction history) to be achievable………..

Labour have come out with a daft policy that threatens to take us back to the dinosaur age by comparison.

I really hate to say this, but because the Tories have actually (so far) stopped short of the financial insanities involved in getting all of the projected new more nuclear power stations online and are thus leaving some space for new renewable energy schemes, there is actually a plausible argument to say that now, compared to Labour’s new policy position the Conservative Party policy actually favours renewable energy more than Labour!   http://realfeed-intariffs.blogspot.com/2019/03/labour-undermines-renewable-energy.html

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March 20, 2019 - Posted by | politics, UK

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