nuclear-news

Government urged to review Sizewell C nuclear plant over ballooning cost

Ecotricity founder Dale Vince, a Labour donor, has called for an urgent cost review of the Sizewell C nuclear power station and Net Zero Teesside carbon capture project.

By Jessica Mills Davies,  Energy Voice, 30/12/2024,

Ecotricity founder Dale Vince has demanded a formal review of the Sizewell C nuclear power station, and a new carbon capture project, over concerns costs have “ballooned” by tens of billions of pounds.

He has written to David Goldstone, the chair of the Treasury’s new Office for Value for Money (OVfM), asking him to examine plans to develop a new nuclear power project in Suffolk that he warned “will saddle consumers with higher bills long before it delivers a single unit of electricity”.

“Due to a novel funding method (RAB) a lengthy construction timeline for Sizewell will saddle consumers with higher bills long before it delivers a single unit of electricity at a time when there is clear evidence that we can secure a cleaner, cheaper energy future without nuclear,” said the renewable energy entrepreneur, who has donated money to the Labour Party………………………………………………………………………………… https://www.energyvoice.com/renewables-energy-transition/564942/government-urged-to-review-sizewell-c-nuclear-plant-over-ballooning-cost/

January 2, 2025 - Posted by Christina Macpherson | business and costs, UK