Energy companies were invited today to bring forward plans to build and operate new nuclear power stations as part of the UK's strategy for a secure, diverse, low carbon energy mix. The plans have appeared in today’s Nuclear White Paper and Energy Bill.
The government's response to its nuclear consultation, in the form of a White Paper, was published alongside the Energy Bill which sets out a range of measures to address the twin challenges of tackling climate change and securing energy supplies.
Energy Secretary, John Hutton, said: "Giving the go ahead today that new nuclear power should play a role in providing the UK with clean, secure and affordable energy is in our country's vital long term interest.
"With a third of our generating capacity coming offline within the next twenty years and increasing reliance on imported energy it is clear we need investment in a range of new energy infrastructure. Measures in the Energy Bill will drive a greater deployment of renewables and enable investment in carbon capture and storage and offshore gas infrastructure. These will help build our energy security, reduce emissions and place the UK at the forefront in the development of low carbon energy technology."
The government believes it is in the public interest that new nuclear power stations should have a role to play in this country's future energy mix alongside other low-carbon sources; that it would be in the public interest to allow energy companies the option of investing in new nuclear power stations; and that the government should take active steps to open up the way to the construction of new nuclear power stations. It will be for energy companies to fund, develop and build new nuclear power stations in the UK, including meeting the full costs of decommissioning and their full share of waste management costs. Nuclear power is:
To encourage nuclear investment the Government over the coming months will be taking forward the following steps:
The Energy Bill includes measures to ensure adequate funding provision is made by potential developers of new nuclear power stations, to drive greater and more rapid deployment of renewables, creates the framework for investment in carbon capture and storage, which has the potential to reduce the carbon emissions from fossil fuel power stations by up to 90%, and enables investment in new offshore gas infrastructure projects.
Details of the Future of Nuclear Power consultation together with responses are available on the consultation website.
The white paper is on the Department for Business, Enterprise and Regulatory Reform website.