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...Tom Edwards, senior modeller at Cornwall Insight, agreed it was likely gas-fired power plants would need to step in to help make up for declining nuclear capacity....
...“The best way to reduce build costs is to replicate and, crucially, achieve design maturity before construction,” says Tom Greatrex, chief executive of UK lobby group the Nuclear Industry Association....
...Last month, French utility EDF announced that Britain’s flagship Hinkley Point C power plant had been delayed until 2029 at the earliest, with the cost spiralling to as much as £46bn in today’s prices....
...“Put it this way,” says Tom Greatrex, a former Labour MP who now leads an industry lobby group, the Nuclear Industry Association....
...reactors including Rolls-Royce say they can be built in factories and assembled on site, thereby reducing the costs and complexities associated with large-scale nuclear energy plants such as the 3.2 gigawatt Hinkley...
...Opponents, including Tom Burke, co-founder of E3G, a climate think-tank, said the government was set to miss its other target to decarbonise the grid if it used SMRs to help achieve that goal....
...Rishi Sunak, chancellor, is understood to be concerned about the potential cost of underwriting and co-investing in more atomic plants beyond the 3.2GW Hinkley Point C, which is under construction, and Sizewell...
...Tom Edwards of Cornwall Insight said Britain’s policy to phase out its remaining coal-fired power stations by October 2024 was also “biting”....
...“There’s not a technical problem of getting to net zero, there’s a policy problem,” said Tom Burke, chair of the think-tank E3G....
...Letter in response to this article: Critics can only gawp at nuclear’s latest wishlist / From Tom Burke, Dr Paul Dorfman, Professor Stephen Thomas and Alison Downes...
...This is just another example,” said Tom Burke, chair of the climate think-tank E3G....
...Currently 16 per cent of the UK’s electricity generation comes from nuclear power but Hinkley Point C in Somerset, another EDF project also backed by CGN, is the only new station under construction....
...tom.mitchell@ft.com...
...CGN and EDF are also collaborating on an EPR nuclear plant in the UK, which is under construction at Hinkley Point in Somerset....
...So far work has only started on one: Hinkley Point C in Somerset and costs have spiralled with the latest estimate put at £23bn....
...Proponents of SMRs say they are a more affordable alternative to large-scale reactors such as the 3.2GW plant under construction at Hinkley Point C in Somerset, which is expected to cost up to £23bn....
...Tom Greatrex, chief executive of the Nuclear Industry Association, insisted without new nuclear capacity, the electricity system would become more reliant on carbon-intensive, gas-fired power stations —...
...“The back-end liabilities are so large and distant that there’s always a tendency to underestimate them,” says Tom Burke of the environmental group E3G....
...The construction costs of Hinkley Point C have spiralled, with the latest estimate placed at up to £22.5bn....
...Other Beijing-backed bodies own large parts of UK North Sea oil production, and a stake in Hinkley Point C, a nuclear power plant under construction in south-west England....
...Letter in response to this article: Making the case for low-cost nuclear power / From Tom Samson, Interim chief executive, SMR consortium, Lancaster, Lancashire, UK...
...EDF of France is building new reactors at the Hinkley Point power station in Somerset, which critics have said are far too expensive....
...EDF said last year that Hinkley could cost as much as £22.5bn....
...The French group is building the Hinkley Point station in Somerset with financial backing from CGN....
...Under the chairmanship of Conservative MP Tom Tugendhat, the committee has been highly critical of the UK’s China policy....
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