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What’s it all about, Hinkley?
In trying to justify their desperation to commit billions of public money to the Hinkley C nuclear project, the Treasury and its Chancellor, George Osborne, claim there are other benefits that justify the vast scale of expenditure. So what exactly are they – and do the claims withstand critical examination? … [Continue Reading]
Small modular reactors – the future of nuclear power?
In recent months, as the large Hinkley Point nuclear project has hit a succession of problems (see the recent blog by Phil) there has been increasing attention to the prospects of small nuclear reactors, most often small modular reactors (SMRs). These are seen as either a complement to or, increasingly, … [Continue Reading]
Subsidies for new nuclear: A very bad deal for the UK
EDF say that the deal they cut with the Coalition is ‘fair and balanced for consumers and investors alike’. I guess it’s unsurprising that EDF are very pleased with the deal, as it gives them a guaranteed and inflation-proofed return at twice the price we currently pay for electricity for … [Continue Reading]