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petertohen
Joined: 25 Jan 2018
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 Posted: Thu Jan 25, 2018 9:06 am Post subject: nuclear power too expensive |
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Power from the new Hinkley C nuclear generator will be too expensive, the boss of one of the UK's biggest energy consumers has warned.
Jim Ratcliffe, whose company Ineos owns the Grangemouth plant in Scotland, told the BBC that UK manufacturers would find the price unaffordable.
The government has guaranteed a price of �92.50 per megawatt hour (Mwh).
Mr Ratcliffe said Ineos recently agreed a deal for nuclear power in France at 45 euros (�37.94) per Mwh.
The government has guaranteed that the new Hinkley station, being developed by France's EdF and backed by Chinese investors, can charge the �92.50 minimum price for 35 years.
http://www.bbc.co.uk/news/business-25390456
So who the hell WILL be able to afford it? |
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Potemkin Villager
Joined: 14 Mar 2006
Posts: 1036
Location: Narnia
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| Posted: Thu Jan 25, 2018 12:45 pm Post subject: Re: nuclear power too expensive |
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| petertohen wrote: | Power from the new Hinkley C nuclear generator will be too expensive, the boss of one of the UK's biggest energy consumers has warned.
Jim Ratcliffe, whose company Ineos owns the Grangemouth plant in Scotland, told the BBC that UK manufacturers would find the price unaffordable.
The government has guaranteed a price of �92.50 per megawatt hour (Mwh).
Mr Ratcliffe said Ineos recently agreed a deal for nuclear power in France at 45 euros (�37.94) per Mwh.
The government has guaranteed that the new Hinkley station, being developed by France's EdF and backed by Chinese investors, can charge the �92.50 minimum price for 35 years.
http://www.bbc.co.uk/news/business-25390456
So who the hell WILL be able to afford it? |
IMHO it will never run.
Given the world class arrogance and incompetence that lead to the appalling deal negotiated here just imagine how good Brexit is going to pan out.......
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RenewableCandy
Joined: 12 Sep 2007
Posts: 12605
Location: York
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| Posted: Thu Jan 25, 2018 11:17 pm Post subject: |
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I admire your optimism 
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vtsnowedin
Joined: 07 Jan 2011
Posts: 4797
Location: New England ,Chelsea Vermont
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| Posted: Fri Jan 26, 2018 4:44 am Post subject: |
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| What other non CO2 emitting power source is available and reliable for under #92.50? Not just today but twenty years out. |
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fuzzy
Joined: 29 Nov 2013
Posts: 772
Location: The Marches, UK
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| Posted: Fri Jan 26, 2018 8:33 am Post subject: |
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| Tidal, which is why they are building more nuclear at Oldbury on the Severn - to continually stop a tidal barrage upsetting the local toffs and their wildfowl sanctuary. |
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kenneal - lagger
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Joined: 20 Sep 2006
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Location: Newbury, Berkshire
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| Posted: Fri Jan 26, 2018 2:35 pm Post subject: |
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There is another thread discussing nuclear power and on it it is said that the driver for new nuclear in the UK is the requirement of the MOD for plutonium and the scientists and engineers capable of working with it for both weapons and power systems.
Perhaps the MOD budget should be raided for a subsidy for the rest of us on the cost of the electricity. Can't see that happening though as I also can't see the place ever being bought into commission. At the rate the economy is falling apart and the rate that Hinckley is being built it will never come into use before economic activity slumps.
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As Steve Keen puts it: “Capital without energy is a statue; labour without energy is a corpse.” Economics ignores this which is why economics is broken. |
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kenneal - lagger
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Joined: 20 Sep 2006
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| Posted: Fri Jan 26, 2018 5:17 pm Post subject: |
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By the way, welcome to this forum Petertohen.
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As Steve Keen puts it: “Capital without energy is a statue; labour without energy is a corpse.” Economics ignores this which is why economics is broken. |
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kenneal - lagger
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Location: Newbury, Berkshire
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| Posted: Fri Jan 26, 2018 5:22 pm Post subject: |
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| fuzzy wrote: | | Tidal, which is why they are building more nuclear at Oldbury on the Severn - to continually stop a tidal barrage upsetting the local toffs and their wildfowl sanctuary. |
As if digging up all that radioactive mud and dumping it on the other side of the estuary, heating the water with the cooling outfall and any low level radioactive escapes won't harm the birds and a bloody great lump of concrete reaching hundred of feet in the air won't upset the view for the toffs!!
And windmills would probably be even worse!!! (Emoticon with steam coming out of the ears)
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woodburner
Joined: 06 Apr 2009
Posts: 3736
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| Posted: Fri Jan 26, 2018 8:59 pm Post subject: |
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| fuzzy wrote: | | Tidal, which is why they are building more nuclear at Oldbury on the Severn - to continually stop a tidal barrage upsetting the local toffs and their wildfowl sanctuary. |
Good. Almost anything is better than the destruction of yet another wildlife resource so people can run a load of unnecessary eletrical gadgets.
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clv101
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Joined: 24 Nov 2005
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| Posted: Fri Jan 26, 2018 10:27 pm Post subject: |
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| fuzzy wrote: | | Tidal, which is why they are building more nuclear at Oldbury on the Severn - to continually stop a tidal barrage upsetting the local toffs and their wildfowl sanctuary. |
Hang on, tidal isn't less than £92.50/MWh. In fact the single biggest reason the Severn barrage hasn't been build after dozens of studies/designs spanning over a century is that it's simply very expensive!
I also don't think anyone is building new nuclear at the Oldbury site in order to stop the barrage! The barrage would be compatible with new nuclear build there, as it was with the original Magnox plant. In fact Horizon have said they'd build cooling towers at a new multi-GW build at Oldbury.
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Potemkin Villager
Joined: 14 Mar 2006
Posts: 1036
Location: Narnia
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| Posted: Wed Jan 31, 2018 3:21 pm Post subject: |
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| RenewableCandy wrote: | | I admire your optimism |
Oh I try and keep my chin up! It seems it is not just nuclear power but the nuclear deterrent and the entire defense apparat of the uk that is too expensive!
https://www.theguardian.com/uk-news/2018/jan/31/mod-budget-shortfall-more-than-20bn-report-finds
"The NAO said the cost of nuclear-related projects could destabilise the plan because of their size and complexity, noting that costs for the Dreadnought and Astute submarine projects had risen by £941m in one year. "
What! A billion pound overrun on two subs in one year!
and my favourite gem in this litany of fantasy budgeting
"According to the report, the MoD failed to factor in the falling value of the pound, which could result in costs being £4.6bn higher than anticipated. The ministry had also used the wrong exchange rate to calculate costs, using rates that were 24% higher than the dollar exchange rate and 2% higher than the euro rate."
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