News June 2013

30 June 2013

New Nukes

BRITISH ministers have held talks with Chinese nuclear energy firms over the possibility of their building nuclear power stations in the UK. Michael Fallon, the energy minister, confirmed last week that he had met officials from Chinese firms. His department would not name them but they are believed to include the China National Nuclear Corporation and the China Guangdong Nuclear Power Group. The meetings coincide with deadlock in the government’s negotiations with EDF, the French state energy firm, over …

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29 June 2013

Hinkley

The UK government has announced that EDF Energy’s proposed Hinkley Point C nuclear power plant is eligible for a multi-billion pound loan guarantee.

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28 June 2013

Nuclear Guarantee

The U.K. government’s decision to guarantee as much as 10 billion pounds ($15 billion) in debt for the first nuclear power station in two decades helps ensure Electricite de France SA will support construction of the plant. Treasury Chief Secretary Danny Alexander announced backing for the project in southwest England yesterday as the Energy Department outlined subsidised rates for wind and solar power of at least 100 pounds per megawatt hour for the next three years. EDF has indicated …

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27 June 2013

How the Lib Dems help EDF to fleece the taxpayer

The 2010 Liberal Democrat Manifesto promised to:

Reject a new generation of nuclear power stations; based on the evidence nuclear is a far more expensive way of reducing carbon emissions than promoting energy conservation and renewable energy.

Not satisfied with giving EDF Energy a potential nuclear windfall of up to £143bn over the next 35 years for its Hinkley Point C project, Liberal Democrats in the coalition Government now plan to remove most of the risk for potential investors in the £14bn …

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27 June 2013

Nuclear Police

Police officers with the elite force that guards Britain’s nuclear power stations have been caught drunk, using drugs, misusing firearms and also accused of sexual harassment and assault. The offences by officers with the Civil Nuclear Constabulary (CNC), released under the Freedom of Information Act, have raised concerns about the safety of the UK’s nuclear plants and radioactive material. Such is the array of serious misdemeanours by the CNC officers– who are funded directly by the energy companies – …

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26 June 2013

EMR

Ministers could announce strike prices for clean energy projects as early as this week as the government seeks to accelerate infrastructure investment. The government could this week announce measures designed to unlock billions of pounds in green energy investment, after sources indicated ministers are preparing to bring forward confirmation of new support contracts for clean energy projects. It remains unclear whether the announcement will include the draft strike prices for all clean energy technologies, given that negotiations on the financial …

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25 June 2013

NDA

Crucial milestones were achieved in the clean-up of the UK’s nuclear legacy last year, the Nuclear Decommissioning Authority (NDA) has revealed in its annual report and accounts. Progress was generally good across the NDA’s 19 licensed sites, with achievements during 2012/13 including: completion of defueling at Chapelcross and Dungeness A, removing 99% of radioactivity from those sites; agreement of a plan to bring forward the closure of Winfrith and Harwell research sites by a combined 32 years, with potential cost …

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24 June 2013

NDA

The public body charged with overseeing the dismantling of Britain’s network of atomic power and research stations will reveal on Monday that its estimates for the lifetime cost of the programme has risen by billions of pounds. Despite this, the Nuclear Decommissioning Authority (NDA) will say in its annual report that it is getting to grips with the clean-up problem because the rate of cost growth is slowing year-on-year. Yet the soaring costs will alarm industry critics at a time …

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23 June 2013

Energy Supplies

Ofgem is preparing to issue its starkest warning yet over the growing risk of blackouts in Britain as power stations are shut and investment in new plants stalls. The regulator is expected to publish electricity supply and demand forecasts within weeks, showing that spare capacity has fallen as more gas-fired plants have been mothballed. It is likely to reiterate warnings that even if blackouts are avoided, power prices will rise steeply. Britain’s spare power margin will be so narrow …

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22 June 2013

Nuclear Subsidies

The EU could delay access to the new contracts for difference (CfD) subsidy mechanism for clean energy in the UK beyond the April 2014 target launch date, ICIS has learned. The CfDs will let companies sell low-carbon generation on the wholesale market at a set strike price, as part of the UK’s forthcoming electricity market reform. However, the European Commission has to approve the CfD model before it can come into force, as it constitutes state aid. The Department …

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