Friday, 8 February 2013

A major step forward: the UK Energy Bill and new nuclear


2012 may have been coming to a close, but the last week of November proved a new start and pivotal moment for the UK’s nuclear energy programme.

Just prior to the release of the Energy Bill, two significant events occurred, providing a significant vote of confidence in the future of the UK nuclear programme. First, On November 26th the Japanese Hitachi Ltd. completed its £700m acquisition of the fledgling Horizon Project from its German owners, The next day, November 27th, NNB GenCo (the EdF-BE subsidiary) received its Nuclear Site License for the construction, commissioning and operation of the new Hinkley Point C nuclear power plant, proving the second important event. Soon after, the Secretary of State for Energy and Climate Change presented the Energy Bill to the House of Commons, which aims to support the move of the UK's future energy production from a dependence on fossil fuels to a more diverse mix of energy sources, including nuclear and renewables. It is a significant step forward towards realising a stable UK energy future, less dependent on fossil fuels, while presenting a realistic framework for the development of long-term solutions for the future energy needs of Britain.

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