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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
The UK's Office for Nuclear Regulation (ONR) and the Environment Agency (EA) have completed "initial high-level scrutiny" of the UK HPR1000 reactor design. The design now moves onto the third of four stages in the Generic Design Assessment (GDA) process.
- Source: World Nuclear News
- Date: Thursday, 15 November 2018
- Original article: world-nuclear-news.org/Articles/UK-HPR1000-moves-to-next-step-of-design-assessment
EDF Energy CEO Vincent de Rivaz told UK parliament's Energy and Climate Change Committee on 23 March that the Hinkley Point C nuclear project in the UK will "clearly and categorically" go ahead with a final investment decision at the beginning of May. He said: "It will go ahead because we have the expertise, the supply chain and our long-standing partners CGN [China General Nuclear]. We are confident in this project and in the EPR technology."
- Source: NEI Magazine
- Date: Saturday, 26 March 2016
- Original article: neimagazine.com/news/newsuk-parliament-scrutinises-uk-plans-4847996