16 May '11, 11am

UK Government should be upfront about nuclear subsidies: The UK Government should be upfront about nuclear ‘hidd...

By Renewable Energy Focus staff Although the UK Coalition Government has stated it will only allow new nuclear without public subsidy, but the ECCC points out that subsidies will still be provided through new long-term contracts and a carbon price floor that could hand nuclear the windfall profits. “Cleaning up our power sector will cost money, but the long-term benefits for the UK or having a secure, reliable and low-carbon electricity system are clear.” - Tim Yeo, ECCC Chair ECCC Chair, MP Tim Yeo, says: “Ministers believe that new nuclear could play a key role in keeping the lights on and meeting our climate change targets – but they don’t want to own up to supporting it. “This is understandable given the promise they made not to subsidise nuclear, but it would be deeply irresponsible to skew the whole process of electricity market reform simply to save face. “The Gover...

Full article: http://www.renewableenergyfocus.com/view/17985/uk-governm...

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