Ed Davey https://www.earthtrack.net/ en UK Nukes, Ed Davey, and cognitive dissonance https://www.earthtrack.net/blog/uk-nukes-ed-davey-and-cognitive-dissonance <div data-history-node-id="826" class="view-mode-rss ds-1col clearfix"> <div class="field field-name-user field-type-ds field-label-hidden field-item"><article typeof="schema:Person" about="/users/dkoplow" class="profile"> <div class="field field-name-user-picture field-type-image field-label-hidden field-item"> <a href="/users/dkoplow" hreflang="en"> </a> </div> <drupal-render-placeholder callback="masquerade.callbacks:renderCacheLink" arguments="0=10" token="JKQ47I0HBhI6yNBHYFpiGZJgYaGuFaENCOedJZ-b8xY"></drupal-render-placeholder></article> </div> <div class="field field-name-node-post-date field-type-ds field-label-hidden field-item">Wednesday, October 23, 2013 - 11:21am</div> <div class="field field-name-field-photo field-type-image field-label-hidden field-item"> <img loading="lazy" src="/sites/default/files/blog-images/Edward_Davey%20resized.jpg" width="116" height="90" alt="" typeof="foaf:Image" /> </div> <div class="field field-name-field-photo-media"> <div class="field field-name-field-media-image field-type-image field-label-hidden field-item"> <img loading="lazy" src="/sites/default/files/blog-images/Edward_Davey%20resized.jpg" width="116" height="90" alt="" typeof="foaf:Image" /> </div> </div> <div class="clearfix text-formatted field field-name-body field-type-text-with-summary field-label-hidden field-item"><p>More evidence that nuclear power isn't competitive in the marketplace is coming out of the just-announced deal for Britain's first new nuclear reactors since 1995 -- to be developed at Hinkley Point C, Somerset.  The deal also provides a fairly striking example of just how badly government officials and politicians want to pretend that they didn't really have to provide massive subsidies to make the project happen. Keep a straight face, and maybe nobody will notice...</p><p>The following quotes highlight the mental gymnastics so often evident in press reports about these reactor projects:</p><blockquote><p><em>The British government will finance two-thirds of [the] $26 billion project.  At the same time, it is agreeing to a 35 [year power] purchase agreement that will enable the developers a chance to recoup their construction outlays...One of the more controversial elements of the deal has been the "strike price," or the a[m]ount of money [for] which the plant's electricity will be sold.  While EDF [Electricite de France] had wanted a notably higher price, the UK government did agree to a price that is roughly double that of the wholesale price of power there..</em></p></blockquote><p style="padding-left: 180px;">-Ken Silverstein, "<a href="http://www.energybiz.com/print/331817">Great Britain Sparks Global Hopes by Infusing its Nuclear Energy Program</a>," Energy Biz, 23 October 2013.</p><blockquote><p><em>For the first time, a nuclear power station in this country will not have been built with money fro<img style="float: right; margin: 5px;" src="/sites/default/files/u10/Edward_Davey%20full%20from%20Wikipedia.jpg" alt="Ed Davey, UK Sec. of State for Energy and Climate Change, 2013" width="201" height="302" loading="lazy" />m the British taxpayer.</em></p></blockquote><p style="padding-left: 180px;">-Ed Davey, Secretary of State for Energy and Climate Change in Great Britain, as quoted in the Silverstein article.</p><p> </p><p>My earlier summary of the UK's massively subsidizied 'non-subsidy' program can be found <a href="http://earthtrack.net/blog/uk-jumps-shark-nuclear-subsidies">here</a>.  Additional details on the new subsidized reactors to be built at Hinkley can be found <a href="http://www.theguardian.com/environment/2013/oct/20/nuclear-power-station-hinkley-edf">here</a>.</p></div> <div class="field field-name-tags1 field-type-entity-reference field-label-hidden field-items"> <div class="field-item"><a href="/category/tags/uk" hreflang="en">UK</a></div> <div class="field-item"><a href="/category/tags/nuclear-subsidies" hreflang="en">nuclear subsidies</a></div> <div class="field-item"><a href="/category/tags/loan-guarantees" hreflang="en">loan guarantees</a></div> <div class="field-item"><a href="/category/tags/edf" hreflang="en">EDF</a></div> <div class="field-item"><a href="/category/tags/ed-davey" hreflang="en">Ed Davey</a></div> <div class="field-item"><a href="/category/tags/above-market-prices" hreflang="en">above-market prices</a></div> </div> </div> Wed, 23 Oct 2013 15:21:44 +0000 dkoplow 826 at https://www.earthtrack.net