The news over the weekend and this morning confirms the UK is in the throes of a self inflicted nuclear power disaster. The fall out has the capacity to be catastrophic for energy consumers.
This concerns the deal, mentioned in passing in our last posting, that sees the French and Chinese consortia behind the financing and construction of HInkley Point C in Somerset, guaranteed a minimum price for the energy generated that is nearly double what we pay for nuclear power today.
The comment I intended to make at this point is eclipsed by Richard’s observations, which more eloquently articulate what I intended to say:
What is very far from clear, though, are the exact reasons why nuclear has increased in price so much. Nevertheless, in what is clearly a rigged market, the most likely culprit is the regulatory ratchet.
Increasing the time taken to approve schemes, and adding to design and construction costs, regulation is reckoned to be enough to have caused the massive price hike. And much of the regulation will have been promoted by Green activists, the aim being to price nuclear power out of business.
According to this seminal book, the process has been going on a long time. Now, it would appear, the activism has achieved its effect. We have a nuclear disaster – but not one that the Greens had predicted.
As fuel costs rise fuel poverty will kill vastly more than nuclear power is ever likely to. That is the real disaster, made all the worse by the fact that it is largely the result of deliberate ploys to increase the price of nuclear generated electricity.
We have recently seen similar efforts across the European Union by green activists to make the potential of shale gas to provide a secure, domestic source of energy, unaffordable through regulatory cost.
This is not about safety. This is not about efficiency. It is certainly not about providing sufficient energy to meet the growing demand of a rising population. It is solely about forcing countries to adopt what the activists perceive as ‘green’ and ‘clean’ energy because the alternatives would have been made uneconomic due to politics alone.
These green groups are pursuing their own narrow, dogmatic and flawed agenda, but have been appointed by the EU as the ‘voice of the citizens’. Without our consent or input these groups have been installed as our ‘representatives’ to government – but are following an agenda that we have never been asked to consider, let alone endorse.
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