Archive for November, 2012

Market Reforms Announced To Attract UK Nuclear Investment

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Reforms to the UK’s electricity market including the introduction of “contracts for difference” are intended to help the country’s energy sector – including the nuclear industry – attract “record investment”, the government has said.

The proposed measures are part of a 110 billion-pound (176 billion US dollar, 84 billion euro) effort outlined in an Energy Bill today intended to spur the construction of nuclear, gas and wind power plants.

“The Energy Bill will attract investment to bring about a once-in-a-generation transformation of ...

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UK Intends To Deliver On New Nuclear, Energy Secretary Tells MPs

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The sale of the Horizon nuclear energy venture to Hitachi was a “shot in the arm” for energy policy in the UK and shows that the government and the nuclear industry can deliver on a cost-effective, third-generation of reactors, the energy and climate change secretary has said.

Giving evidence to a committee of politicians about energy infrastructure and energy policy, Ed Davey said there was huge “international interest” when the Horizon nuclear power venture was put up for sale with many ...

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UK Announces ‘Landmark Agreement’ On Market Support For New Nuclear

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The UK’s ruling coalition government has reached agreement on a number of key aspects of its forthcoming energy bill, including plans for almost eight billion pounds (GBP) (12.7 billion US dollars, 9.8 billion euro) of “market support” for new nuclear and other low carbon energy technologies.
The agreement also allows for the creation of a government-owned company to act as a single counterparty to give investors confidence to enter into new long term contracts for difference (CfDs) for low carbon electricity ...
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UK Says EPR Design Issues Will Be Closed By End Of Year

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Improvements in the quality and timeliness of submissions from Areva and EDF on outstanding issues concerning design approval of their UK European Pressurised Water Reactor (UK EPR) mean “closure of all issues should be achievable before the end of the year”, UK nuclear regulators have said.

In their latest report on the generic design assessment (GDA) process for the UK EPR, the Office for Nuclear Regulation and the Environment Agency said they “remain convinced” that closing out GDA issues ahead of ...

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2012 Nuclear Issues Vol 35 No.11

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The future of nuclear energy in the UK

This report (July 2012) from the Birmingham Policy Commission, of the University, under the chairmanship of Lord Hunt, a former Minister of Energy, gives a valuable assessment of the challenges facing the UK if it is to build up its nuclear programme. In his foreword Lord Hunt warns that unless the Government shows a decisive lead and creates the right conditions for investment in the UK, the country risks losing out on its ...

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November Newsletter No170

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WE KNEW THINGS WERE DIFFICULT, BUT NOT THAT DESPERATE

SONE exists for but one purpose: to promote civil nuclear power. With energy policy in its present parlous state, we were sooner or later going to have to review how we do so. In an ideal world, this would have come after discovering the “strike price” for subsidising “low carbon” sources of energy.

That, according to the Daily Telegraph, may not now be until next June – a delay that is par for ...

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