The UK will miss its goal of net zero carbon by 2050 unless it finds a way to finance nuclear power stations, the nuclear industry has said. The industry sent a confidential letter to Chancellor Rishi Sunak which has been seen by the BBC. The letter was prompted by fears that the government will use next week’s Budget to ditch a plan to pay for new plants through a levy on energy bills. The scheme would have added an estimated £6 a year to energy bills. It was put forward by the Treasury last year as a way of paying for a planned new power station at Sizewell in Suffolk. All but one of the UK’s existing nuclear power plants, which provide about 20% of the country’s electricity, will be retired by the end of the decade.
BBC 5th March 2020 read more »