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 about rigging the market and subsidising the nuclear industry. EDF has begun talks with the Department of Energy and Climate Change (DECC) about the guaranteed price it wants for the nuclear electricity it hopes to generate after spending at least £14 billion building Hinkley Point C.
For a longer version of this article see Spinwatch 24th October 2012.