British families could be forced to pay up to £227 extra on their annual energy bills to help to fund a new generation of nuclear power stations under plans proposed by the French company expected to build most of them.
EDF Energy, which wants to build four reactors in Britain at a cost of about £20 billion, was accused of holding the Government to ransom last night, after an executive told The Times that none would be built unless the Government agreed to underwrite part of the cost. Speaking before a government announcement on Britain’s energy future on Monday, Humphrey Cadoux-Hudson, managing director of EDF Energy’s new nuclear business in Britain, said the nuclear programme would proceed only if the Government ensured that consumers paid more for electricity from fossil fuels, such as coal and gas, which is cheaper but produces more greenhouse gas, making nuclear more competitive.
To fix the market in favour of nuclear energy he proposed a minimum price on the permits that energy companies need to buy to emit carbon dioxide. The cost of permits was too low — at about €14 per tonne — for energy companies to be encouraged to invest in nuclear rather than gas-fired power stations, which are far cheaper and quicker to build.
He said that a price of €25-35 per tonne of carbon dioxide was necessary to make construction ofnuclear stations profitable. “A floor price for carbon is needed … The waste product of fossil fuel generation needs to have a cost,” he said.
And guess who the outrage will come from? Yes, that\’s right, the very same people who scream that we must have feed in tariffs for solar PV.
That solar PV that, by the German figures, costs over $1,000 per tonne of CO2 not emitted.
€35 per tonne really seems very cheap as an option, doesn\’t it?
But good luck looking for Greenpeace of FoE to tell you that.