Hitherto the future of nuclear in Britain has hinged around whether the French nuclear behemoth, EDF (Electricite de France), can find a partner to help bear the cost of new nuclear plants – currently some £14bn apiece. And, not entirely unrelated, whether EDF can squeeze the British government where it hurts into agreeing a ‘strike […]
Posts Tagged ‘EDF’
Government wide open to subsidy blackmail from EDF over new nuclear build
Mar 20th, 2013 by Michael Meacher.The government’s announcement yesterday that it is granting planning consent to the French firm EDF to build 2 new nuclear power stations at Hinckley Point in Somerset is a sign of panic. The price of these reactors has risen inexorably to £14bn apiece, and it is this exorbitant capital cost together with market uncertainties over […]
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One big reform that won’t be in the Budget
Mar 23rd, 2011 by Michael Meacher.The energy market is one of Britain’s biggest scandals. A report out yesterday finds the Big Six energy companies are ‘greedy’ and ‘bad’, according to the industry regulator Ofgem which says they profiteer and ruthlessly exploit the vulnerable. As a result a fifth of all households are now in fuel poverty – having to spend more […]
