Daily News Roundup

28 September 2016

Hinkley

Tom Burke: Hinkley is a 20th Century solution to a 21st Century problem. Bigger is no longer better. There are faster, cheaper, cleaner and smarter ways to deliver affordable, secure, low carbon electricity to Britain’s businesses and consumers. Nothing about this deal is good for Britain’s hardworking families. They will pay the bill for decades but most of the jobs will go abroad. It is a bad deal for consumers, for the climate and bad for the country. May’s decision …

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27 September 2016

Hinkley

Martin Horwood introduced a motion at the conference opposing the construction of the nuclear power station at Hinkley Point C, that was given a controversial go ahead by the government this month. It will be built with a combination of French and Chinese money. Martin quoted a National Audit Office report that said the likely costs of the power plant to be built in Somerset to billpayers had risen from an estimated £6 billion in 2013 to £30 billion. He …

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26 September 2016

Hinkley

Hinkley Point C nuclear station: an expensive solution to a cheap problem. In 10 years it’ll be outdated, costing more than other energy alternatives and raising UK electric bills, writes Andreas Gandolfo. My colleagues and I at Bloomberg New Energy Finance are still scratching our heads at how such a project was greenlighted. We’ve spent two years analysing the project, and it’s clear: by the time the plant is operational in 10 years it will be completely outdated, trying to …

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25 September 2016

Hinkley

The UK government has agreed to sign the contracts with french utility giant EDF for the Hinkley Point C nuclear power plant on Thursday. French financial newspaper Les Echos reported that the signing ceremony will take place in London, not Somerset as it had been planned in July when Prime Minister Theresa May asked for a delay at the 11th hour. The China General Nuclear Corporation (CGN), which is making a £6bn investment in the project, will also be present, …

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24 September 2016

Moorside

Powerful decision-makers are being urged to think of the greater good so all of Cumbria can cash in on its biggest investment in history. And they have been urged to do everything possible to ensure the county is given the best possible chance to secure major opportunities. Hundreds of major economic players have been hearing about the prospects for the nuclear industry at a conference in Carlisle.

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23 September 2016

Hinkley

Trust me, I won’t go a penny over budget on Hinkley: Britain’s new £18bn nuclear plant is finally under way… Now EDF’s boss has to build it on time. De Rivaz is outraged when I put to him the claims of a senior consultant engineer of my acquaintance, that the technology could be dodgy. ‘Nothing could be more untrue,’ he replied with barely concealed contempt. ‘I cannot understand how that expression is used for technology which has been approved …

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22 September 2016

Hinkley

The planned Hinkley Point C nuclear plant will be outpaced by cheaper, lower-carbon energy sources that will render it largely obsolete within a decade of opening, new University College London analysis indicates. The analysis, based on National Grid’s own energy scenarios, shows that by 2030 wind and solar energy sources will, for increasing periods of the year, be meeting all the UK’s electricity needs. With Hinkley not expected to begin operating until well into the 2020s, the plant is likely …

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21 September 2016

Hinkley

Liberal Democrats in Somerset have come out firmly against the planned new nuclear power station at Hinkley Point. The Leader of the Liberal Democrat Group at Somerset County Council, spoke at the Liberal Democrats Autumn Conference in Brighton in favour of the motion opposing the construction of a new nuclear power plant in Somerset. But despite attacking the decision she agreed the Lib Dems in Somerset would “work with” the decision in the event of their taking control of the …

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20 September 2016

Hinkley

Michael Liebreich: If you doubt that the Government’s decision to green-light Hinkley C is bad for the country, type “Hinkley decision praised” into Google. The only voices of support are from the French Government, the project’s main owner EDF, various former advisors to George Osborne, and Malcolm Pyne – a Somerset butcher who has featured heavily in the project’s PR. Conversely, type “Hinkley decision criticised”, and you’ll find every energy and economics expert in the land lining up to put …

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19 September 2016

Nuclear Accidents

The risks of nuclear power are being significantly underestimated because of systematic under-reporting of accidents by industry bodies with conflicts of interest, scientists have said. The largest analysis of the risks of nuclear accidents has calculated that a Fukushima-magnitude event is “more probable than not” in the lifetimes of people born today. Scientists from the UK and Switzerland said that its true cost may not have been correctly calculated because of the underestimation of risks. They also called for …

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