Tuesday 22 March 2022

The Nuclear Option?

The UK currently gets around 16% of its electricity from nuclear but several of its power stations are due to close. Government would like to get 25% of its electricity generation from nuclear power (https://www.theguardian.com/environment/2022/mar/21/johnson-announces-aim-for-uk-to-get-25-of-energy-from-nuclear-power). On a relatively small island (like the UK), it can be difficult to get planning permission for new nuclear power stations. Nuclear power plants are also very expensive, require specialist builders and can take a long time to construct. Nuclear power stations are not even especially attractive investments for private money. After a plant's active life, decommissioning can also be a very expensive business (this is often why the tab is picked up by the next generation of tax payers). Security issues also cause predictable concerns. It seems unlikely that the 25% of electricity generation figure, will be achieved. Perhaps, that is no bad thing?

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