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Britain to Rethink Nuclear Plans as Offshore Wind Energy Costs Hit Record Low

Source: The Guardian/Adam Vaughan - September 12, 2017 in Politics

Britain to Rethink Nuclear Plans as Offshore Wind Energy Costs Hit Record Low
Photo: Kim Hansen/Wikimedia Commons (CC BY-SA 3.0)

The government is under pressure to reconsider its commitment to a new generation of nuclear power stations after the cost of state support for offshore windfarms reached a record low yesterday.

Experts said green energy had reached a tipping point in the UK after two windfarms secured a guaranteed price for their power of £57.50 per megawatt hour from the government. The subsidised price is far below the £92.50 awarded last year to Britain’s first new nuclear power site in a generation, Hinkley Point C.

Vince Cable, leader of the Liberal Democrats, said the breakthrough should prompt a rethink of the government’s energy plans, which have pencilled in atomic plants at Wylffa in Wales, Sizewell in Suffolk and Bradwell in Essex.

“The spectacular drop in the cost of offshore wind is extremely encouraging and shows the need for a radical reappraisal by government of the UK’s energy provision,” he said.

The government spending watchdog this year described Hinkley as a “risky and expensive” project that generations of British consumers will have to pay for through electricity bills.

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