For the sake of taxpayers, you say that a privatised nuclear industry should have to obey strict rules regarding the financial provision for decommissioning new plants. The good news is that the new generation of pressurised water reactors, such as Sizewell B and the planned Sizewell C, are relatively cheap to decommission.
It will cost less than pounds 300m to decommission the Sizewell nuclear plant. Over its lifetime, it will generate about 300 billion units of electricity worth pounds 10bn at the wholesale market value. Therefore, the real cost of decommissioning will be 3 per cent of the electricity produced. However, when adjustment is made for discounting, the cost of decommissioning falls to 1 per cent of the value of electricity produced - or 0.03p/kWh.
The challenge facing the Government is to balance the City's perspective with the country's national economic and strategic need.
British Nuclear Industry Forum
29 DecemberReuse content