RWE say that unless they get the same sort of subsidies that the new renewable technologies are getting they will not invest in new nuclear! This will be completely against the Coalition Agreement and so it would appear that RWE are seeking to threaten the strength of the Coalition to meet their demands.
Nuclear has been around for decades, it is a mature technology and should be able to stand on its own by now without subsidy, we all know they cant particularly with the hefty costs of waste disposal, decommissioning, not to mention insurances against accidents and terrorism threats. At last someone from the energy sector is being honest about this!
We support the Government's plans to help new clean energy technologies evolve and establish themselves. Renewables such as solar and wind power are new technologies and desperately need this help.
Nuclear on the other hand should not need any subsidy it is a technology that should, after more than half a century of evolution, run under its own steam and not need any more tax payer subsidy, hidden or otherwise!
See The Sunday Telegraph interview with RWE's Chief Executive, Volker Beckers 11th July 2010 at
http://www.telegraph.co.uk/finance/newsbysector/energy/7883357/Nuclear-targets-at-risk.html
Monday 12 July 2010
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wow looks like RWE will have to pull out then so where does that leave Eon? Hmmm we can only hope eh!
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