CND calls for a halt to construction of new nuclear power stations

By Agencies
June 24, 2017

A National Audit Office report on the construction of Hinkley Point C nuclear power station says the Department for Business, Energy and Industrial Strategy has locked consumers into a risky and expensive project with uncertain strategic and economic benefits.

Amyas Morse, head of the National Audit Office, said, “The Department has committed electricity consumers and taxpayers to a high cost and risky deal in a changing energy marketplace. Time will tell whether the deal represents value for money, but we cannot say the Department has maximised the chances that it will be.”

Commenting on the report, the General Secretary of the Camapign for Nuclear Disarmament, Kate Hudson, said, "It is becoming increasingly clear that successive governments' obsession with developing new nuclear power stations poses a threat to the economy, consumers and the environment. It's time for the government to start investing in renewable energy which can power the UK towards a greener, sustainable future."

The National Audit Office states that since the original White Paper on nuclear power published in 2008 “the economics of nuclear power have deteriorated: estimated construction costs have increased while alternative low-carbon technologies have become cheaper”. This comes after repeated cuts in government support for renewable energy.

Government involvement in the project is also criticised, as the report notes that by taking a 50 per cent stake in the construction of the plant, the government could have achieved a strike price of £48.50 per megawatt hour. As it currently stands the strike price is a guaranteed £92.50, around twice the wholesale price.

The National Audit Office report on Hinkley Point C can be found here

*Campaign for Nuclear Disarmament http://www.cnduk.org/

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