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It is regrettable that industry could not do better. But I can see some sense from the government perspective. Ultimately you get a big investment in British
by 7952 5y ago
It is regrettable that industry could not do better. But I can see some sense from the government perspective. Ultimately you get a big investment in British industry. And eventually a very reliable baseload generator. And people will blame the electricity companies for high prices not the government. And ideally the next build is at a lower strike price. Offshore wind was also very expensive in the early days but now has much lower strike prices. Ultimately the biggest hurdle to development is commercial risk and electricy prices need to match with that risk. Better to pay a lot than pretend that nuclear is super cheap. The UK energy sector is never going to be cheap! But it maybe can get less risky and cheaper.