Hinkley – is there a point?

Lord Holmes

Despite the deals, dual fuel and constant noise about changing your supplier, domestic suppliers of energy still appear to make the process opaque and painful.  But if you think that’s pain, how about paying almost three times the market price for electricity, indexed to inflation for 35 years – that’s the Hinkley Point proposition.  A risk free investment guaranteeing bumper returns, all paid for by UK electricity consumers, yip, that’s you and me.

We have brilliant manufacturing and engineering businesses in the UK, Rolls Royce to name but one, but what is the British involvement in Hinkley?  It is German and French technology funded by Chinese and French state owned business.  The British role, oh yes, to grotesquely overpay for the power it produces.

There is a case, a good case, for nuclear as part of our energy plan going forward.  Nuclear can play a key part in our decarbonisation commitments, new nuclear technologies such as AP1000 and the ABW reactors should prove much better value than Hinkley’s European Pressurized Reactor [EPR].  We need to invest, not least in research, to enable British business to be at the centre of the boon that will certainly be there for nuclear providers for decades to come.  We need the engineering, the construction, the manufacturing boost and it wouldn’t be a bad thing to have a piece of the IP in this area.

Hinkley, however, neither makes any economic nor technological sense. The numbers don’t work, EDF no longer have the dosh and the proposed EPR is proving practically unbuildable.

Let’s be bold, let’s show political courage and cancel this part of the nuclear plan rather than keeping fingers crossed that the French Government will walk.  No Hinkley in no sense means no nuclear, or even necessarily a decline in new nuclear over the coming 20 years, it only needs to mean a change in the timing of those new reactors coming on grid.

For the sake of the UK tax payer, for the sake of the UK electricity consumer, it’s high time we pulled the plug on this parlous power project.

 

5 comments for “Hinkley – is there a point?

  1. 11/05/2016 at 2:30 pm

    We need the new nuclear to come online as soon as possible, otherwise the lights will go out. What alternative is there? Most of our coal-fired plants have either been shut down or will be in the next few years, and besides wouldn’t allow us to meet climate change targets.

    It is indeed scandalous that we were once at the forefront of nuclear technology, with research sites such as the one at Harwell. But those are now being decommissioned. In fact, the UK “nuclear industry” seems to be almost entirely about decommissioning. Even if there were a sudden investment in research, it would take a long time to get us to the point where we could compete with the French and Chinese, by which time we would have blackouts.

  2. maude elwes
    11/05/2016 at 2:35 pm

    Surely this tells any sane man globalisation is a farce? No. Well wait and see what happens unless we are out of Europe and return to Nationalisation of all utilities.

    The only protection we have is to be free of this noose around our necks.

  3. maude elwes
    12/05/2016 at 10:29 am

    For those who want to promote nuclear power take a look at these links. And this is happening right now in New York City. Not something that occurred yesterday or before they had more experience, it is of today. Although what is happening in Japan is an ongoing disaster that is growing and affecting the sea life for many many miles around it.

    https://www.youtube.com/watch?v=5xXTXZCkM3w

    And here we see what is taking place today at Fukushima now. A place that has caused a profound effect on small children in my distant family, not to mention infertility in those closer to me.

    Are you saying this satanic power is worth the cost to mankind?

  4. MilesJSD
    13/05/2016 at 9:12 pm

    From the TV documentaries on “the state of the planet”, “the state of world-governance”, “the state of the global economy”, and “the state of the People”,
    the long drawn out but demonstrably-increasing “shortfall” ( * ) –
    ( * ) Prof David Smith forewarned of this dangerously-insidiously-growing “Shortfall”
    on Australian TV University 1980-2000:
    a growing huge shortfall between our Human-Demands and the Earth’s Supply-Limitations
    “Economists have got to be told they have a fundamental equation wrong somewhere”.

    That shortfall is “growing” here in Britain, as well as “down-under”, and all around the World; “secession” from it is impossible and “insane”.

    We are increasingly short of lifesupportive resources, sustainworthy human development & holistic health building, peace-building governance, and plain human-morale-&-fitness-for-purpose. –

    This is no time for Britons to be waving The Flag, crying “God For England, Harry, and St George” whilst falling further prey to, and greatly worsening, the insidious mass-delusion that
    “We Can Go It Alone Better Than In Any Of Those Proven Unsatisfactory International-Partnerships or ‘Clubs'”.

    From the TV documentaries on “the state of the planet”, “the state of world-governance”, “the state of the global economy”, and “the state of the People”, we can see World War III ‘sneakily’ approaching:

    “How Many People Can Live On Planet Earth” and other documentary scientists, and hard-workers on-the-ground, say categoricly that
    “World War III will be fought over Water supplies”.

    [jsdm} And over both sorts of “Energies”, won’t be surprising either, will it ?

    PS Why isn’t “Fracking” proving to be “our Salvation” ?

  5. maude elwes
    16/05/2016 at 12:51 pm

    Here are the links to what is happening in Japan today. It is followed by how it is causing food problems and contamination in California.

    https://www.youtube.com/watch?v=zAGx8ocZqT0

    What is happening to the people.

    https://www.youtube.com/watch?v=x2Sh6TOWjkM

    And from personal experience. The sister of one of my family, who is Japanese, has two children with serious illness caused by the fallout from the nuclear accident. One has Leukemia, she is eight, the other cancer of the thyroid.

    The other family members who are closer to home are contaminated by radiation that has caused infertility, simply from making a visit to another part of Japan to see the dying children.

    How is it our politicians, across the world, simply cannot or refuse to listen? Until it affects them in some horrific way.

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