News July 2012

31 July 2012

EDF

French state-controlled utility EDF is considering looking for more partners for its nuclear projects in Britain to help it share costs and limit its debt burden, its chief financial officer said on Thursday. EDF, along with junior partner Centrica , plans to build four new 1,600-megawatt (MW) European Pressurised water Reactors as Britain looks to reform its power market to reward producers of low-carbon energy, including nuclear power. “EDF’s goal has always been and remains to be in control of …

read more »

30 July 2012

New Nukes

Nuclear power is so expensive compared with other forms of energy that it has become “really hard” to justify, according to the chief executive of General Electric, one of the world’s largest suppliers of atomic equipment. “It’s really a gas and wind world today,” said Jeff Immelt, referring to two sources of electricity he said most countries are shifting towards as natural gas becomes “permanently cheap”. At the same time, a 75 per cent fall in solar panel market …

read more »

29 July 2012

Radwaste

The burial of radioactive nuclear waste is to be fast tracked by the government despite warnings about the risks. Ministers have revealed an “enduring ambition” for Britain’s first burial of waste from nuclear power stations to happen as early as 2029, instead of 2040 as originally planned, The Independent on Sunday can reveal. Opponents warn acceleration of the idea will mean cutting corners, and over-riding the views of people living near burial sites. Last year NDA said it had “confidence” …

read more »

28 July 2012

Hinkley

The revelation that Olkiluoto nuclear power station in Finland is facing new delays has raised concerns this week that the same problems could disrupt the timetable for delivering the new nuclear plant at Hinkley Point in Somerset. The Olkiluoto delays centre on nuclear reactor vendor Areva’s European Pressurised Reactor (EPR), which is being used on both. The lack of progress on the reactor’s installation and plant automation controls, which are vital for safety, forced client Teollisuuden Voima Oyj (TVO) to …

read more »

27 July 2012

Radwaste

IT’S now up to three Cumbrian local authorities whether to try and find somewhere in the area to bury highly radioactive nuclear waste. But top level Cumbria, Copeland and Allerdale councillors have promised that the crucial decision will be made in public at Executive and Cabinet meetings. Tim Knowles (county council Cabinet member) and Elaine Woodburn and Alan Smith (leaders of Copeland and Allerdale boroughs respectively) are adamant the final decision will not be a fait accompli in favour of …

read more »

26 July 2012

Dash for Gas

Centrica is to create 4,000 jobs in Britain with the development of a huge North Sea gasfield after the Government signalled a new “dash for gas”. After weeks of delay, heated negotiations and only hours after a £500 million tax break for this type of field was unveiled, the owner of British Gas said that it would invest £1.4 billion with its French partner GDF Suez. Ed Davey, the Energy and Climate Change Secretary, said yesterday that gas …

read more »

25 July 2012

EMR

The aim of EMR should be, the Government says threefold: to secure the substantial decarbonisation of supplies, to provide security of supply and to do both at affordable energy prices. One reason for doubting the Bills ability to deliver lies outside its provisions – and that is that whilst claiming to be about Electricity Market Reform, the bill does not reform the electricity market at all. It leaves the present, non-transparent bilaterally trading, vertically integrated, Big Six-dominated energy market arrangements …

read more »

24 July 2012

Nuclear Subsidy

In the intervening years, the cost of new reactors has risen so fast that constructing them without any government support has become unthinkable. When the Blair government first backed the idea of a new generation of nuclear plants in 2007, energy companies insisted they could build them without any public subsidy. Five years later, that claim seems painfully naive. Hence the government’s energy bill, a sweeping reform of electricity markets designed to encourage £110bn of investment in low-carbon energy. …

read more »

23 July 2012

EMR

The proposals in the Government’s draft Energy Bill could impose unnecessary costs on consumers, lead to less competition and deter badly needed investment, according to MPs on the Energy and Climate Change Committee who have examined the draft legislation.

Parliament 23rd July 2012 more >>

The Treasury has been accused of undermining government attempts to secure the future energy requirements for the country and improve the green electricity supply, by meddling in its energy bill, which MPs now say is …

read more »

22 July 2012

Horizon

Cameron has often said Britain is open for business. What it seems he meant was Britain is open for sale. There is no other country in the world which would throw open its strategic industrial sectors to a foreign power. That is exactly what the Tories are now proposing to do with handing over the building and ownership of 5 new nuclear power stations to the Chinese. Energy supply is a national security issue as much as military defence, and …

read more »