News October 2012

31 October 2012

Horizon

Hitachi says it will be five years before construction can begin on a new Horizon nuclear plant. Construction is unlikely to begin on any of the planned nuclear power plants through the Horizon Nuclear Power project for another five years the new Japanese owner of the venture has admitted. The company had yet to gain approval from the regulator for its reactor designs.“We need to get the generic design assessment (GDA) – but that probably takes about five years. When …

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30 October 2012

Renewables

Renewable energy will overtake nuclear power in the UK by 2018, if current rates of growth continue, and will provide enough power for one in 10 British homes by 2015, according to new research. The amount of electricity supplied by wind energy alone is up by a quarter since 2010, in a surprisingly good year for the renewables industry. While the government has notably cooled on wind power – more than 100 Tory MPs signed a statement this year opposing …

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29 October 2012

EMR

The Government has set a cap on how much it will pay for electricity generated by new nuclear power stations in negotiations with EDF. It is understand that ministers are close to agreeing a strike price with EDF. But a final deal is not expected until as late as February. A senior source suggested the figure would be less that £100/MWh. There are still fears that Centrica could pull out of the Partnership to build Hinkley.

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28 October 2012

Horizon

BRITAIN’S faltering nuclear renaissance will receive a boost this week when Hitachi, the Japanese engineering giant, unveils a £700m takeover of Horizon Nuclear Power. The blockbuster deal values Horizon, which has rights to build reactors at Wylfa, on Anglesey, and Oldbury, near Bristol, well beyond what analysts expected it to fetch. Ed Davey, the energy secretary, is expected to herald the deal as an endorsement of the government’s policy of enticing developers with the tens of billions in subsidies. Hitachi …

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27 October 2012

Horizon

A Japanese-led consortium is so keen to kick-start Britain’s faltering nuclear programme that it is preparing to pay over the odds for two reactor sites. Hitachi has bid at least £600 million for the sites at Wylfa in Anglesey and Oldbury in Gloucestershire, The Times has learnt. The consortium, which includes SNC-Lavalin of Canada and an undisclosed British company, is expected to be unveiled as the winning bidder for Horizon, the nuclear joint venture that owns the sites, early next …

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26 October 2012

Energy Bill

Industry sources told not to expect Energy Bill publication until the week of November 19th. Concerns are mounting that the government’s crucial Energy Bill could be subject to a delay, after industry sources confirmed they had been told not to expect publication of the bill until mid-November. The government has not provided a precise date for the publication of the bill, confirming only that it expects to release the document next month and put it before parliament before the …

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25 October 2012

EMR

Is the Government about to start lining the pockets of its nuclear friends? Comments on Vincent de Rivaz’s evidence to the Energy and Climate Change Committee and the forthcoming Energy Bill.

Spin Watch 24th Oct 2012 more >>

Negotiations over the precise content of the Energy Bill could yet result in a cap being placed on new onshore wind farm developments, according to reports in The Times. Columnist Rachel Sylvester yesterday reported that a "possible compromise" between Energy and Climate …

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24 October 2012

Is the Government about to start lining the pockets of its nuclear friends?

Despite an intense lobbying campaign by the nuclear industry, “the future of nuclear power in the UK is hanging in the balance”. Vincent de Rivaz, chief executive of EDF Energy, told MPs in October that he still hadn’t made up his mind whether to go ahead and build new nuclear reactors in Britain. EDF wants “further reassurances” from the government on what assistance the company will receive. Almost everyone outside of Whitehall and EDF agrees that the Energy Bill is …

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24 October 2012

Electricity Market Reform

The future of nuclear power in the UK is hanging in the balance, the chief executive of the company charged with building new reactors has said. Vincent de Rivaz, chief executive of EDF Energy, told MPs at a select committee hearing on Tuesday that he had still not made up his mind whether to go ahead with a construction programme that would see the first new nuclear power stations in the UK for decades. He said the company …

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23 October 2012

Nuclear Subsidies

The government is today facing renewed calls for it to rule out specific subsidies for nuclear plants that would cover construction risks relating to new projects, after a group of leading energy academics warned that taxpayer could end up footing a multi-billion pound bill. In an interview earlier this month, Hayes, who is involved in negotiations with energy giant EDF over the level of financial support that will be offered to its proposed Hinkley Point nuclear power plants, said …

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