The True Cost Of Ignoring Nuclear Energy In The UK | OilPrice.com

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Experts warn of the consequences of ignoring the nuclear industry and call for a revival of the sector, with a focus on building a pipeline of projects to secure energy supply and meet the country's energy demands.

The UK's neglect of its nuclear industry has led to challenges in meeting energy demands during winter and a heightened risk of blackouts.

This shed a stark light on the neglect of the UK’s nuclear industry, which would have been able to provide ample power if repeated governments had not repeatedly failed to support the sector. She argued the government needed to show commitment to a fleet, even if was just a small fleet “to give investors the opportunity to have confidence in government policy.”

Currently, the only plant under construction is Hinkley Point C, which is not set for completion until 2027 at a cost of £26bn, making it two years late and 45 per cent over budget.Nuclear power now represents just 15 per cent of the UK’s mix – well below its peak of 26 per cent capacity in 1997.

 

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