nuclear-news

The lunacy of Britain’s Sizewell C nuclear project

 Tom Burke:

All of these problems have been pointed out to the Government
very often, by many energy experts for several years. Even so this only
tells you part of the lunacy of this project. Britain’s electricity
consumers will start paying for Sizewell C now and will go on doing so
without receiving any electricity from it for the next 12-15 years.

They are in effect compulsory investors. However, unlike the private sector
investors in the project they will not receive a handsome double digit
returned on their forced capital investment. Instead they will then be
forced, as the Bloomberg diagram shows, to pay about three times as much
for Sizewell C’s electricity than would otherwise be available to them from
other sources as cheaper electricity will be forced off the grid in order
to preferentially take that from Sizewell C. It is truly said that those
whom the Gods destroy they first make mad.

 FT 27th Aug 2025,
https://www.ft.com/content/ee89bce2-a3e9-48ed-82eb-85916eb24777#comments-anchor

August 31, 2025 - Posted by Christina Macpherson | business and costs, UK