Government Want YOU to Pay for New Nuclear

Thanks to CND for this information:

The government is trying to force through controversial new legislation which will make consumers bankroll the nuclear power industry, whilst giving them no protection from spiralling costs. This will force thousands more families into fuel poverty.  The electricity generated from nuclear power is double the costs of renewables. Nuclear is hampered by generic design flaws, long delays and safety risks. It’s dangerous to people and planet. To meet Britain’s 2050 net zero goals, instead of forcing consumers to bankroll a failed industry, the government should be investing more in renewables.

Contact your MP, urging them to vote against the Bill on Monday 10th January. See briefing CND is sending to MPs.

Sent today to Tim Farron MP:

Dear Tim,

urgent request to Vote NO to Nuclear Finance Bill. 

Thank you for your letter of reply to our questions from Greg Hands MP regarding the lack of a seismic Traffic Light System for the proposed coal mine next to the proposed nuclear waste dumping ground under the Irish Sea. We will respond to Greg Hands MP’s letter next week but in the meantime We are writing now  to urge you to vote against the Nuclear Energy (Finance) Bill which has its final reading in the House of Commons on Monday 10 January.

This controversial new legislation will force consumers to bankroll the nuclear power industry, whilst giving them no protection from spiralling costs. This will force thousands more families into fuel poverty.

The Bill will enable energy companies to charge consumers to construct and operate new nuclear power plants under a regulated asset base (RAB) funding model. Evidence shows that under such models, costs for nuclear power stations abandoned during construction as well as cost over-runs of $2.1 billion are all being passed on to consumers. Richard Hall, Chief Energy Economist at Citizens Advice, who gave evidence to the parliamentary Committee examining the Bill, argues ‘…consumers do not have any control over the risk. Essentially, they are the passive recipient of the risks.’

The electricity generated from nuclear power is twice the price of renewables. Nuclear is hampered by generic design flaws, long delays and safety risks. It’s dangerous to people and planet. To meet Britain’s 2050 net zero goals, instead of forcing consumers to bankroll this costly, inefficient and dangerous form of power generation, the government should be investing in renewables and making homes energy-efficient to reduce carbon emissions as well as energy bills.
As you know there is no “away” for nuclear wastes and the government are presently spending eyewatering amounts of money on public relations largely in Cumbria to try and persuade the County to bury heat generating nuclear wastes under our precious and irreplacable land and sea.  The reason? Not for safety’s sake but in order to clear the decks for more nuclear crapola for which we all must pay time and time again in every way possible?

We urge you to vote against this Bill. 

with many thanks

Marianne Birkby on behalf of
Radiation Free Lakeland

5 thoughts on “Government Want YOU to Pay for New Nuclear

  1. Spectric

    Is it not bad enough that we are already funding the cleanup of nuclear sites such as Sellafield through taxation and now they are looking for energy users to bankroll future nuclear builds without any protection from the risk involved that lead to spiralling cost such as the £500 million overspend at Hinkley to date. As a customer we should have the right to decide whether we want to buy from a renewable energy supplier or one that is happy to leave a toxic legacy for the next millenia.

    If someone wants to build a new nuclear plant then they need to source the funding from willing sources, the problem here is the extremely high risk involved and so funding is difficult to secure and the nuclear industries track record will make many run, so now with the government having wasted so much money on white elephants and desperation trying to achieve promised objectives that cannot be met they not only want to throw more money into the bottomless nuclear pit but for us to join in as well.

    The question I ask is why is this government doing everything it can to ensure losing at the next general election, it is just oone thing after another and none aimed at the wealthy.

  2. Also from Nuclear Free Local Authorities : NFLA media release, 7th January 2022, For immediate use

    NFLA says Nuclear Tax is a ‘poisoned chalice’ for public

    The UK & Ireland Nuclear Free Local Authorities (NFLA) is supporting calls to MPs to reject the Nuclear Energy Financing Bill when it comes back to the House of Commons for its Report Stage reading next Monday (10th January).

    The Chair of the NFLA Steering Committee, Councillor David Blackburn, called the bill a ‘poisoned chalice’ for the British public:

    “This bill will mean that consumers will ultimately pay the cost of developing any new ultra-expensive nuclear power plants through a surcharge applied to customers’ electricity bills.

    “Civil nuclear projects are notorious for being delivered massively above budget and enormously behind time. Consequently, there are only two main players in the nuclear market, and these have had their financial fingers burned.

    “The government wants to sweeten the pill by introducing a new method of financing nuclear plants called the Regulated Asset Base. This will mean that customers pay for cost overruns and delays, and even the cost of abortive projects, whilst the developer and operator reap all of the rewards.”

    The Nuclear Energy Financing Bill contains the proposed Regulated Asset Base which ‘allows a company to charge consumers to construct and operate new infrastructure projects.’ It will require consumers to pay a surcharge on their bills during the construction of a nuclear project, but also afterwards as electricity generated by new nuclear plants would be purchased at a premium price by the British Government, a cost passed onto consumers.

    Councillor Blackburn added: “This represents a right royal rip-off of the British public, who will not only be paying to build these white elephants, but then paying the operator a premium price to generate from them. That’s like paying the mortgage payments for a house, and then having to pay a high rent for your property after you have bought it!

    “Nothing about building new nuclear plants makes financial sense. They take too long and cost too much to build. They generate over-priced electricity. They cost a fortune, and take a century, to decommission at the end of their lives. And they leave a legacy of highly dangerous radioactive waste that must be safely managed for millennia.

    “The NFLA wants to see this nuclear folly abandoned and to invest the money in generating heat and power from renewable technologies; in smart grids and battery storage; and in retrofitting our homes with quality insulation to make them warmer and lower customers’ bills. That is how we will tackle the climate crisis. We urge all MPs to reject this crazy bill!”

    Ends//…

  3. Roger Cartwright

    Thanks for the information. I have written to my MP as follows: Good evening David
    I have just heard that the Nuclear Energy (Finance) Bill which I understand has its final reading in the House of Commons on Monday 10 January.
    As I understand it, “this controversial new legislation will force consumers to bankroll the nuclear power industry, whilst giving them no protection from spiralling costs. This will force thousands more families into fuel poverty.

    This Bill will enable energy companies to charge consumers to construct and operate new nuclear power plants under a regulated asset base (RAB) funding model. Evidence shows that under such models, costs for nuclear power stations abandoned during construction as well as cost over-runs of $2.1 billion are all being passed on to consumers. Richard Hall, Chief Energy Economist at Citizens Advice, who gave evidence to the parliamentary Committee examining the Bill, argues ‘…consumers do not have any control over the risk. Essentially, they are the passive recipient of the risks.’

    The electricity generated from nuclear power is twice the price of renewables and this disparity looks likely to increase.

    As you well know, Nuclear is hampered by generic design flaws, long delays and safety risks. It’s dangerous to people and planet. To meet Britain’s 2050 net zero goals, instead of forcing consumers to bankroll this costly, inefficient and dangerous form of power generation, the government should be substantially increasing its investment in renewables and making homes energy-efficient to reduce carbon emissions as well as energy bills.” These were the sort of measures identified at COP 26, not yet more nuclear development that has proved to be a misuse of science and technology to create an unfortunate historic legacy!

    I hope that you will question this Bill that on the face of it seems outrageous and if necessary vote against it – even if this means going against the Party line!

    best wishes for 2022

    Roger Cartwright

  4. Pingback: The week in nuclear news – Australia and more | Nuclear Australia

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