Monday 9 April 2012

What Price Nuclear?

Wow! It's over a month since I last posted anything. Sorry about that to my loyal band of followers. It's been a hectic time. So many organisations have an April year end and silly budgetting arrangements that I've been snowed under with work. So much for semi-retirement! (Well, it could be argued to be semi as I did little over the summer!).

Anyway, 29th February saw the closure of Oldbury PS - something of a blast from the past for yours truly - and then a month later Horizon owners RWE and E.On (who own land at Oldbury) announced that they are not proceeding with their joint venture. I can see that there may well be political reasons for these two companies to pull the plug, and quite possibly the economics also don't appear to stack up, but I think it is a bad news day for UK electricity production. I am convinced that the country needs nuclear and for two large companies with nuclear generating experience to pull out now has rather put the CO2 cat among the emissions reduction pigeons. Wind is just not going to do the job for us which leaves CCS which will be no picnic.

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