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The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK’s eight existing nuclear plants are set to be retired by 2030.
- Source: World Nuclear News
- Date: Tuesday, 23 July 2019
- Original article: world-nuclear-news.org/Articles/UK-considers-Regulated-Asset-Base-model-to-finance
The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK’s eight existing nuclear plants are set to be retired by 2030.
- Source: World Nuclear News
- Date: Tuesday, 23 July 2019
- Original article: world-nuclear-news.org/Articles/UK-considers-Regulated-Asset-Base-model-to-finance
Horizon Nuclear Power today outlined the procedure it will follow now that its new-build projects have been suspended. The UK subsidiary of Japan’s Hitachi said it had made substantial progress with its plans to provide at least 5.4 GWe of new capacity across two sites - Wylfa Newydd, in north Wales, and Oldbury-on-Severn, in southwest England - by deploying Hitachi-GE UK advanced boiling reactors (UK ABWRs).
- Source: World Nuclear News
- Date: Friday, 18 January 2019
- Original article: world-nuclear-news.org/Articles/The-next-steps-for-Horizon
The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation until 14 September on draft regulations that aim to enable a domestic nuclear safeguards regime following the UK's withdrawal from the European Atomic Energy Community (Euratom) as part of its departure from the European Union.
- Source: World Nuclear News
- Date: Thursday, 12 July 2018
- Original article: world-nuclear-news.org/Articles/UK-s-post-Brexit-nuclear-plans-face-scrutiny
France's EDF said on 26 June that it was carrying out a "full review" of the costs and schedule of the Hinkley Point NPP project in the UK. EDF said "a full review of the costs and schedule of the Hinkley Point C project is in progress", as had already been indicated in the company's annual financial report. According to France's Le Monde, the "first conclusions" of the review pointed to building costs exceeding the €21bn ($23.5bn) budget by €1-3bn. The internal review is also expected to confirm fears that the EDF will not be able to deliver Hinkley by 2025, with the start-up date more likely to be 2027. The review, led by EDF audit director Jean-Michel Quilichini, is expected to be made public later this summer.
- Source: NEI Magazine
- Date: Tuesday, 27 June 2017
- Original article: neimagazine.com/news/newsmore-criticism-of-hinkley-npp-5853522
The UK government’s plans to leave the European Union (EU), and consequently the European Atomic Energy Community (Euratom), could threaten plans to build new nuclear reactors and decommissioning activities, as well as jeopardise energy security due to the impact on nuclear fuel supplies, according to a new report by the Institution of Mechanical Engineers (IMech). The intention that the UK should leave Euratom was announced in the recent ‘Brexit Bill’, in part due to Euratom being enforced by the European Court of Justice and managed by EU institutions.
- Source: NEI Magazine
- Date: Monday, 20 February 2017
- Original article: neimagazine.com/news/newsmore-concern-over-brexit-5743855
The UK intends to leave the European Atomic Energy Community (Euratom), according to explanatory notes to a bill the government published yesterday authorising Brexit. The notes state the bill empowers the prime minister to leave both the European Union and Euratom.
- Source: World Nuclear News
- Date: Friday, 27 January 2017
- Original article: world-nuclear-news.org/Articles/UK-nuclear-industry-faces-prospect-of-Euratom-exit
Recent reports in the UK have suggested the vote could make an uncertain plant still more uncertain. I have heard people say the vote means it will never be built. The new Conservative leader and British Prime Minister Teresa May has previously argued against giving “unreasonable subsidies” to Hinkley Point C, but political views can change: after all, the deal was developed and signed by two LibDem MPs whose party had been implacably opposed to nuclear for years.
- Source: NEI Magazine
- Date: Friday, 12 August 2016
- Original article: neimagazine.com/news/newsis-it-brexit-for-hinkley-point-c-4978264