Curb new nuclear plants and back renewables, urge UK govt advisers

BRITAIN should not back more than one new nuclear plant after Hinkley Point C is built before 2025 because renewable energy is the lowest cost for consumers, an independent advisory group to the government said on Tuesday.

Britain plans to build a new fleet of nuclear plants to replace ageing coal and nuclear reactors set to close in the 2020s as well as to help cut the country’s carbon emissions.

However, private investors have proved reluctant to take on the huge costs of new nuclear plants, and the government has come under fire for agreeing to pay a price for electricity from EDF’s Hinkley Point C plant – due to come online by the end of 2025 – which is way above rival power projects.

Published in Business Times, 11th July, 2018