UK’s new Energy Act gives Energy Security Secretary the power to oversee and give funding to Great British Nuclear (? the poisoned chalice?)
From nuclear to heat pumps: What’s included in the UK’s new Energy
Act? The UK Government has received Royal Assent for the Energy Act and
says measures included could leverage £100bn of private investment in the
sector.
Here, we outline the key inclusions in the Act. ……………..
By 2050, the UK is aiming to host up to 24GW of nuclear
capacity, up from 6GW at present. The growth should be delivered using a
mix of large projects, including one to come online this decade, and small
modular reactors (SMRs).
The new Act gives Energy Security and Net-Zero
Secretary Claire Coutinho the power to designate a new publicly owned
company, Great British Nuclear, to oversee the Government’s involvement
in delivering new nuclear projects.
She will also have the power to
allocate additional financial assistance to the company going forward due
to the Act. In return, Great British Nuclear is required to report annually
to Coutinho and she must lay this report before Parliament. Under the Act,
Great British Nuclear’s objective is set out as “facilitating the
design, construction, commissioning and operation of nuclear energy
generation projects for the purpose of furthering any policies published by
the Government”
Edie 26th Oct 2023
https://www.edie.net/from-nuclear-to-heat-pumps-whats-included-in-the-uks-new-energy-act/ #nuclear #antinuclear #NoNukes
What happens after a nuclear power station is closed?
When Hinkley Point B. opened in 1976, its two advanced gas-cooled reactors
(AGRs) were state of the art. But over nearly half a century of generation,
cracks developed in their graphite cores, creating potential safety
concerns, and they were shut down for good last year.
Yet inside the
cavernous main hall, little seems to have changed. Freshly painted
machinery gleams under bright lights, as teams of workers in blue boiler
suits scurry around above the reactors themselves. The main activity at the
moment is defueling: removing hundreds of fuel assemblies from deep within
the reactor cores, stripping them down, and sending the wastes away for
storage at Sellafield. As we watch, a large steel tower is being positioned
over the reactor.
This is the charging machine. It looks rather like an
old-fashioned helter-skelter, but in fact it is a heavily-shielded crane.
The fuel assemblies, having been in the reactor for years, are highly
radioactive and need to be handled with extreme care.
Once defueling is
complete, EDF will hand over the site to the Nuclear Decommissioning
Authority (NDA). To find out what happens then, it is worth going next door
– to another power station, Hinkley Point A. This was one of the UK’s
first-generation nuclear sites. Its two reactors were brought online in
1965 – and shut down for good in 2000. Nearly a quarter of a century later,
its two box-like reactor buildings still stand tall against the skyline.
But other buildings, including the huge turbine hall, have been removed –
leaving just a deep, weed-strewn hole in the ground. Old fuel storage ponds
have been drained, cleaned and painted to reduce radiation risks, although
we are warned not to linger around them. But elsewhere a water-filled vault
remains half-full of radioactive scrap, which is being painstakingly
removed.
BBC 27th Oct 2023
https://www.bbc.co.uk/news/business-67087673 #nuclear #antinuclear #NoNukes
Amid rising cost worries, UK government promises “practical nuclear roadmap”
Government promises ‘practical’ UK nuclear roadmap this year amid rising cost concerns.
Stuart Stone, 26 October 2023
Government agrees to map out route to 24GW nuclear target by 2050 and
allow Parliament to consider major investment value for money amid fears of
‘another HS2’.
The government has promised set out a “practical roadmap”
before the end of the year towards its goal of securing 24GW of nuclear
power capacity 2050, but MPs have raised concerns as to whether new nuclear
generation will offer value for money in light of the controversial
decision to cancel the northern leg of the HS2 high speed rail project.
In a letter to MPs on the Science, Innovation and Technology Committee (SITC)
yesterday, the government confirmed that a new Nuclear Strategic Plan is on
its way, and that it would spell out how the current reactor fleet will
contribute to UK targets and allow Parliament to weigh up value for money
of major new nuclear projects.
It follows a report from the SITC in July
which had called for greater detail on how the government plans to meet its
ambitious nuclear targets, as it cited the UK’s “intermittent history” with
regards to ramping up nuclear power capacity, with no new reactors having
been built in several decades. The report warned that UK nuclear capacity –
which currently contributes 15 per cent of the electricity needs – is set
to fall substantially by 2028 when all plants bar Sizewell B are scheduled
to reach the end of their operational lives.
Business Green 26th Oct 2023
https://www.businessgreen.com/news/4138819/government-promises-practical-uk-nuclear-roadmap-amid-rising-cost-concerns #nuclear #antinuclear #NoNukes
IAEA warning after explosions heard near Khmelnitsky nuclear power stations
International Atomic Energy Agency Director General Rafael Mariano Grossi warns that nearby explosions which shattered windows at Ukraine’s Khmelnitsky nuclear power plant “show just how close it was – and underlines the extremely precarious nuclear safety situation … which will continue as long as this tragic war goes on”.
WNN 27 Oct 23
The International Atomic Energy Agency (IAEA) experts stationed at the plant in western Ukraine said air raid sirens sounded at 01:26 local time on Wednesday followed by two loud explosions which they were later told were two drones being shot down 5 kilometres and 20 kilometres from the site.
Although the site was not hit or have its operations affected, the IAEA reported that “shockwaves damaged the windows of several buildings at the site, including the passageway to the reactor buildings, an integrated auxiliary building, a special equipment building, the training centre, as well as other facilities, the plant said. The seismic monitoring stations installed in the vicinity of Khmelnitsky nuclear power plant also recorded the seismic impacts of the blasts”………
Grossi said: “Next time, we may not be so fortunate. Hitting a nuclear power plant must be avoided at all costs.”
Khmelnitsky’s first reactor was connected to the grid in 1987, but work on three other reactors was halted in 1990. Work on the second reactor restarted and it was connected to the grid in 2004 but units 3 and 4 remain uncompleted.
The primary focus of safety concerns for the IAEA since the outbreak of the war has been on the Zaporizhzhia nuclear power plant which has been under Russian military control since early March 2022. It is located on the frontline between the forces, and although it has not been reported to have been hit by shelling in recent months, military activity nearby has continued. In its update on the situation at the weekend, the IAEA said its experts at the site “have continued to hear explosions almost every day and they have also heard occasional machine gun fire”. https://www.world-nuclear-news.org/Articles/IAEA-warning-after-explosions-heard-near-Khmelnits #nuclear #antinuclear #NoNukes #radiation
Why consumers are very likely to pay a lot more for power from Sizewell C than from Hinkley C
under the RAB mechanism, it seems that EDF will be paid for what they actually spend. This time it will be British, not French taxpayers and consumers, that will be paying for the cost overruns.
The Government are deceiving us about the cost effectivemess of their new funding mechanism for nuclear power
Dave Toke’s Green Energy Blog, DAVID TOKE, OCT 25, 2023
Consumers face a double whammy of bills to pay for the planned nuclear power plant, Sizewell C, due to be given a go-ahead soon. According to a ‘worst case scenario,’ consumers are likely to (collectively) pay around £34 billion in today’s prices before any electricity is generated from Sizewell C at all. But, in addition, according to my calculations, under this (quite likely) worst-case scenario consumers will then also pay around £160 per MWh in today’s prices for electricity produced by Sizewell C. This works out as £117 per MWh in 2012 prices (ie the base year for setting the cost of Hinkley C). The Government appears to be doing little or nothing to prevent this scenario from occurring.
Hence consumers could not only be paying much more per MWh than the controversially high Hinkley C deal (£92.5 per MWh in 2012 prices) but will also be paying large sums upfront before a kWh is even generated. In fact, despite being labeled as a ‘worst case scenario’, the estimate for Sizewell C costs that have been calculated is essentially based on the type of cost overrun experienced by attempts to build nuclear power plants in the West since 1990. That is nuclear construction costs end up being around double the amount initially budgeted.
I have taken the size of the upfront costs payable by consumers from an analysis done by Professor Stephen Thomas of Greenwich University. See also here. I have then taken his worst-case scenario figure for these upfront costs and converted them into a figure for costs per MWh by applying conventional economic tools. This involves using discounted cash flow analysis using a (real) 6 percent discount rate and assuming Sizewell C will be generating at an average of 90 percent of full capacity. This assumes using a contract type paying premium prices for energy generated similar to that used for Hinkley C (ie lasting for 35 years). I have based cost estimates of operating nuclear power plants on US experience, although operating costs form only a small element of the costs. The large bulk of the costs are concerned with repaying money loaned and invested in the power station.
My analysis runs contrary to the narrative spread by the Government. They claim that the so-called Regulated Asset Base (RAB) mechanism for funding new nuclear power plants will make nuclear power cheaper for the consumer. On the contrary, it is likely to allow more to be paid to EDF for Sizewell C compared to Hinkley C. This is because consumers will be responsible for paying cost overruns for Sizewell C whilst in the case of Hinkley C it is EDF that takes responsibility for cost overruns. The total amounts that consumers will have to pay will remain unknown until it is far too late to do anything to stop consumers from having their electricity bills dramatically increased………………..
The RAB mechanism has been lauded as a cost-saver because it allows EDF to pay lower interest rates on money borrowed to finance construction compared to the borrowing costs applicable to building Hinkley C. Money needed to finance interest payments and investors during the construction period is charged to consumers whilst the plant is being built.
There’s one giant flaw in this argument. The Government seems to be heading towards giving the go-ahead to EDF to start construction without agreeing a price to be paid for electricity. This means that consumers will pay for whatever it costs to build the plant. The costs of nuclear power stations seem always to be a lot more than what was estimated at the time of the ‘final investment decision’ (FID).
This is different from what happened with Hinkley C. In the case of Hinkley C EDF was committed to paying for any cost overruns themselves without being paid any extra money. ………… EDF bears responsibility for these cost overruns – in effect the French taxpayers will pay since EDF is owned by the French Government.
Yet under the RAB mechanism, it seems that EDF will be paid for what they actually spend. This time it will be British, not French taxpayers and consumers, that will be paying for the cost overruns. OFGEM is being given responsibility for organising payments to EDF.
Ultimately, it seems, OFGEM will be the ‘fall guy’ when, many years down the line, there is public controversy over the costs of the power from Sizewell C. In an obscure piece of wording in an obscure document entitled ‘Revenue Stream for the nuclear RAB model’, the government says (page 12) ‘The amount a relevant licensee nuclear company is allowed to receive (‘allowed revenue’) in respect of its activities relating to the design, construction, commissioning, and operation of the relevant nuclear project would be determined by Ofgem’.
In other words, EDF will have virtually a blank cheque to pay all their costs. The only control OFGEM will have is to check that the costs have actually been spent or will be spent on the power plant.
People were surprised at the cost of the Hinkley C contract, but the surprise was based on the public being kept in ignorance of nuclear construction costs in the past. Now the Government has learned its lesson, and we shall see a return to the past practice of the public being kept in the dark about the costs of building nuclear power plants…………………………………………… https://davidtoke.substack.com/p/why-consumers-are-very-likely-to
British Nuclear Fuels resurrected as Great British Nuclear
In February 2023, plans to wind up BNFL within two years were still
active. By this point the company had not traded in 13 years. However, on
18 July 2023, BNFL was resurrected as Great British Nuclear, with the aim
of delivering the government’s long-term nuclear programme and supporting
its ambition to deliver up to 24 GW of nuclear power in the UK by 2050.
Wikipedia (accessed) 27th Oct 2023 #nuclear #antinuclear #NoNukes
https://en.wikipedia.org/wiki/Great_British_Nuclear#Resurrection_as_Great_British_Nuclear
Welsh campaigners call for nuclear sponsorship ban at National Eisteddfod.
The National Eisteddfod has peace at its heart and Welsh anti-nuclear
campaigners have registered a formal complaint with its governing body
protesting the acceptance of sponsorship money from the companies
Westinghouse and Cwmni Egino at this year’s event despite the clear links
between nuclear power and nuclear weapons.
A letter endorsed by eight campaign groups and the Welsh Nuclear Free Local Authorities has been sent today (24 October), on the first day of the United Nations’ Disarmament
Week, to the Eisteddfod Council calling on it not to accept ‘any future
sponsorship from any company engaged in developing nuclear power and the
manufacture of weapons, especially armaments of mass destruction.’
NFLA 24th Oct 2023 #nuclear #antinuclear #nuclearfree #NoNukes
Germany and France finally agree on a plan to subsidise the nuclear industry
Germany And France Finally Compromise On Nuclear.
Oil Price.comBy Leonard Hyman & William Tilles – Oct 24, 2023,
- After a long period of disagreement, France and Germany finally reached a deal on electricity markets.
- The Germans and French seized on a solution used in the UK for a quarter century to give the appearance of a functioning market: the contract for differences.
- In an effort to find equilibrium between the European Union’s two biggest members, ministers reached a consensus that governments “have the option” to implement CfD’s for established nuclear reactors.
“……………………………………….. . France depends heavily on nuclear power generated by state-owned EDF. Existing French nuclear plants will require major capital improvements and the plants under construction are enormously expensive. The French government wants to subsidize its nuclear program, but other European Union (EU) countries (especially Germany) objected, because state subsidies are not in the spirit of the EU’s energy markets.
The market should determine prices, and should determine the appropriate means to supply the demand, the opponents argue. ……………………………
Europeans woke up to the likelihood that their unsubsidized firms would have to compete with heavily subsidized Chinese and American competitors. Furthermore, European firms looking at those American subsidies started talking about moving their facilities to the US, to qualify for the subsidies.
………………………………….. the risks of building a big nuclear plant are too great for any private enterprise to undertake. So the government has to step up to provide funds for the project.
The Germans and French seized on a solution used in the UK for a quarter century to give the appearance of a functioning market: the contract for differences. It works like this. The power producer sets a strike price with the buyer (who has signed a multiyear year agreement to buy the electricity). When the market price the generator can collect exceeds the strike price, the generator has to refund the surplus to the buyer. When the market price falls below the strike price, the buyer has to give the difference to the generator. Now here is the key to the deal. The strike price does not result from market forces but rather from the revenue needed to cover the cost of building or maintaining a nuclear unit, which the buyers cannot evade unless the nuke stops operating. The state, in the end, sets the price, and determines the terms of what really is a long term fixed contract made with a buyer that has no choice but to buy. In other words, this is not a commercial transaction, because in free markets, buyers have a choice: to buy or not buy.
To us, this deal, if it gets approval from the EU, signals that the EU fully acknowledges that choosing nuclear power is a political decision. And that expanding nuclear power requires government actions and explicit government financial support. That clears the air. Now let’s see what the policymakers do. https://oilprice.com/Alternative-Energy/Nuclear-Power/Germany-And-France-Finally-Compromise-On-Nuclear.html #nuclear #antinuclear #nuclearfree #NoNukes
Ukraine expects €18 billion from EU in 2024 – PM
Rt.com 25 Oct 23
Ukraine’s economy has experienced its sharpest downturn in three decades, financial experts have warned
Kiev expects to receive at least €18 billion ($19 billion) in foreign aid from the European Union (EU) next year, Ukrainian Prime Minister Denis Shmigal has said. The tranche matches the amount the country will receive from the bloc in 2023.
“EU budget support to Ukraine in 2023 already amounts to 15 billion euros – this is one of the most important factors helping Ukraine be economically resilient and stable,” Shmigal wrote on Telegram on Monday.
Kiev has recently received a sum of €1.5 billion ($1.59 billion) in what was a ninth set of EU financial assistance tranches, he added. Two more payments are expected to be completed before the end of the year to bring the total to €18 billion, according to Ukraine’s finance ministry.
Ukraine has become heavily dependent on foreign financial aid since Moscow launched its offensive in the country in February of last year, as millions of people fled due to the conflict and as logistical and supply chain routes became disrupted. Ukraine’s economy shrank by about one-third in 2022, financial experts said, in what was its sharpest economic downturn in more than 30 years.
It was announced earlier this year that the Ukrainian government would be funded by a European Commission long-term program, which will see Kiev receive €50 billion in payments between 2024 and 2027……………………………………………………………………. more https://www.rt.com/news/585631-ukraine-financial-aid-eu/ #Ukraine
US Forbade Ukraine to Make Peace With Russia in March 2022 – Former German Chancellor
MOSCOW (Sputnik) – Ukraine was ready to make peace with Russia and give up its plans to join NATO during negotiations in March 2022, but eventually abandoned the idea due to pressure from the United States, former German Chancellor Gerhard Schroeder told the German newspaper.
“The only people who could settle the war against Ukraine are the Americans. During the peace negotiations in March 2022 in Istanbul with [then-Ukrainian chief negotiator] Rustem Umerov, the Ukrainians did not agree on peace because they were not allowed to. They first had to ask the Americans about everything they discussed,” Schroeder said in an interview with the newspaper on Saturday.
The former German chancellor said that Kiev had contacted him in 2022 to learn whether he could mediate talks with Russia, after which he had meetings with Umerov and Russian President Vladimir Putin.
MOSCOW (Sputnik) – Ukraine was ready to make peace with Russia and give up its plans to join NATO during negotiations in March 2022, but eventually abandoned the idea due to pressure from the United States, former German Chancellor Gerhard Schroeder told the German newspaper.
“The only people who could settle the war against Ukraine are the Americans. During the peace negotiations in March 2022 in Istanbul with [then-Ukrainian chief negotiator] Rustem Umerov, the Ukrainians did not agree on peace because they were not allowed to. They first had to ask the Americans about everything they discussed,” Schroeder said in an interview with the newspaper on Saturday.
The former German chancellor said that Kiev had contacted him in 2022 to learn whether he could mediate talks with Russia, after which he had meetings with Umerov and Russian President Vladimir Putin.
Schroeder told the newspaper that the potential peace agreement included five key points. First, under the draft deal, Kiev was supposed to abandon its NATO aspirations. Secondly, Ukraine should have restored the official status of the Russian language. Thirdly, Donbas was supposed to remain part of Ukraine, but with a special territorial status, like South Tyrol, an autonomous province in Northern Italy. Fourthly, Ukraine should have received security guarantees from the permanent members of the UN Security Council and Germany. The final, fifth issue under discussion was the status of Crimea, Schroeder told media.
He said that Kiev had demonstrated willingness to compromise, including on the provision about NATO membership, but the talks still failed because everything “was decided in Washington.”
“I think the Americans did not want a compromise between Ukraine and Russia,” Schroeder was cited as saying by the newspaper.
Moscow launched its special military operation in Ukraine on February 24, 2022. The Russian and Ukrainian delegations have engaged in several rounds of peace talks since then, including those in Turkiye in March 2022, but the negotiations have ultimately reached an impasse. In October 2022, Ukrainian President Volodymyr Zelensky signed a decree stating that Kiev could not hold peace talks as long as Vladimir Putin was president of Russia. #Ukraine
Kazakhstan: Government does hard sell on nuclear, but public remains wary.
It also remains to be worked out how the authorities intend to fund a project that could end up costing $12 billion.
eurasia.net Almaz Kumenov Oct 23, 2023
The authorities in Kazakhstan have for many years been toying with the idea of building a nuclear power plant, but they have lacked the nerve to take a decision in the face of strong public opposition.
In September, President Kassym-Jomart Tokayev opted to punt his way out of the predicament by announcing a referendum on the question.
While Tokayev is evidently in favor of nuclear power, he is eager not to be seen as acting in defiance of broader sentiment………………………………………………………………………………………..
History makes the nuclear issue particularly emotive in Kazakhstan.
For four decades, the Soviet Union used the remote expanses of the northern Kazakh SSR as a testing site for its nuclear bombs. The consequences are detailed in stark terms by Togzhan Kassenova in her 2022 book Atomic Steppe.
“Following a nuclear explosion, radioactive particles mix with dust in the air and spread into the atmosphere. In unfavorable weather, this radioactive dust sweeps up into the clouds and rain, traveling far beyond the test site. The radioactive fallout from the Polygon contaminated not only grazing lands but also water wells, soil, and vegetation. Animals fed on contaminated pastures, and people who lived in the vicinity of the Polygon drank polluted water and milk and ate meat laced with radioisotopes,” Kassenova wrote.
More recently, incidents like the colossal explosion of an arms depot in the southern town of Arys in 2019 have fueled perceptions that safety standards are often flouted by the same people who are supposed to uphold them.
Madina Kuketayeva, coordinator of Anti-NPP, a public association created to resist the plant’s construction, cites corruption as the reason officials would be unable to categorically assure high safety levels.
“But even accident-free operation of the nuclear power plant would cause irreparable damage to the ecology of Lake Balkhash, lead to its drying out, and also harm the health of local residents,” Kuketayeva told Eurasianet.
Geopolitics is a factor too.
Kazakh opponents of the plant and Russia’s war in Ukraine look with alarm at what has happened at the Zaporizhzhia Nuclear Power Plant, which is controlled by invading Russian forces. In July, the International Atomic Energy Agency expressed its profound concern over how Russian forces had installed anti-personnel mines around the plant just as Ukrainian troops were embarking on a counteroffensive to recapture lost territory………………………
Some objections to the nuclear power plant are more narrowly technical. Aset Nauryzbayev, an economist who formerly ran state power grid operator KEGOC, says he believes that Kazakhstan is able to build the needed number of renewable energy generators by 2030. Nuclear power is outdated and overly expensive, he argued.
“The maintenance of a nuclear power plant, if it is built, will cost $1.5 billion a year, and we ordinary citizens will pay this unreasonably high price to the future owners of the nuclear power plant,” Nauryzbayev told Eurasianet.
The construction of the nuclear power plant itself will also require huge investments – anywhere up to $12 billion by some reckoning. The source of that funding has not yet been publicly discussed……. https://eurasianet.org/kazakhstan-government-does-hard-sell-on-nuclear-but-public-remains-wary #nuclear #antinuclear #nuclearfree #NoNukes
Sizewell Nuclear Court Case on 1st and 2nd November will be available to watch online
The Sizewell Court case on 1st and 2nd November will be available to watch
online at the link below. At present, it is expected that the court hearing
will start at 10.00am on 1st November 2023 but the actual start time on
that day will not be confirmed until the court’s daily list is published
on 31st October – the list can be found at
https://www.gov.uk/government/publications/royal-courts-of-justice-cause-list/royal-courts-of-justice-daily-cause-list#court-of-appeal-civil-division-daily-cause-list
Judiciary UK (accessed) 22nd Oct 2023
#nuclear #antinuclear #nuclearfree #NoNukes
Nuclear regulator raps EDF over cyber compliance
The Office for Nuclear Regulation says EDF has come up short on needed measures to improve cyber security standards at several critical UK nuclear facilities
France-headquartered energy giant EDF has been singled out by the UK’s
Office for Nuclear Regulation (ONR) and placed under significantly enhanced
regulatory attention for cyber security – the highest possible level of
scrutiny – after the critical national infrastructure (CNI) operator failed
to comply with previously made commitments to enhance its cyber security
posture.
Computer Weekly 19th Oct 2023
https://www.computerweekly.com/news/366556335/Nuclear-regulator-raps-EDF-over-cyber-compliance #nuclear #antinuclear #nuclearfree #NoNukes
Rolls-Royce facing £350m class action lawsuit from investors
Rolls-Royce, the FTSE 100 engineering giant, is facing a potential legal
claim from investors worth at least £350m after a bribery and corruption
scandal wiped millions of pounds from the company’s value. City lawyers
are working with a group of investors seeking compensation from Rolls-Royce
after the bribery allegations rocked the aircraft engine maker in 2017.
Shareholders are to claim that the company made misrepresentations to the
market about the bribery scandal. Rolls-Royce previously agreed to a £497m
settlement with the Serious Fraud Office (SFO) in a bid to draw a line
under the wrongdoing. The SFO’s agreement with Rolls-Royce in 2017
covered “12 counts of conspiracy to corrupt, false accounting and failure
to prevent bribery” across its aerospace and energy divisions.
Telegraph 22nd Oct 2023
https://www.telegraph.co.uk/business/2023/10/22/rolls-royce-face-350m-lawsuit-investors/
#nuclear #antinuclear #nuclearfree #NoNukes
1 This Month
4 May -West Suburban Peace Coalition to discuss Iran war at May Educational Forum
Monday, May 4, 7:00 – 8:00 PM Central Standard Time
Title: : How Trump’s Narrative Tries to Shape the Reality of the War on Iran.
Contact Walt Zlotow, zlotow@hotmail.com 630 442 3045 for further information
14 May – online event From Bombs to Data Centres: the Face of Nuclear Colonialism
To see nuclear-related stories in greater depth and intensity – go to https://nuclearinformation.wordpress.com
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