Could escalating costs mean ‘game over’ for nuclear power and Sizewell C? While much of the debate in Suffolk around EDF Energy’s proposals have focussed on the local impacts, recent reports from energy forums have started to question how viable the industry is for the UK – and globally. At a recent debate, Paul Dorfman of the University College London’s Energy Institute went head to head with Paul Spence, director of strategy and corporate affairs at EDF to discuss the future of the sector. Dr Dorfman, who also founded the Nuclear Consulting Forum, said the “massive cost escalations” of nuclear power together with the increasing competiveness of renewables meant there was “little rationale for new nuclear builds”. Costs for offshore wind have plummeted to around £40 per MWh – making it now one of the cheapest forms of power available. EDF insists, however, that nuclear is the only proven and large-scale way to generate constant low carbon energy in the UK – and Sizewell C is essential to meet the nation’s low emission targets.
East Anglian Daily Times 3rd Jan 2020 read more »