Dame Carolyn Fairbairn, director-general of the CBI, has urged the Government to consider alternative funding models for new nuclear. She joins EDF in lobbying for a ‘regulated asset base’ model, arguing that without it the UK will not be able to meet the Government’s new climate change targets. In a letter to Greg Clark, the business secretary, she also recommends that the Government to use this summer’s white paper to give ‘clarity on its vision’ to reach net zero.
On 10 June 2019, the Government lay legislation introducing a new supplier-led, subsidy-free Smart Export Guarantee (SEG). The SEG is designed to replace the Feed-in Tariffs scheme which was discontinued in March 2019.
1. Horizon CEO urges industry to fight for nuclear
On Thursday 2 May 2019, the Committee on Climate Change (CCC) published a report outlining how the UK can reach Net-zero emissions by 2050.A key component of the plan is the widespread adoption of carbon capture usage and storage (CCUS), however, a lack of policy and financial backing calls into question the likelihood of this happening soon.
1. Hinkley Point C running to schedule and soon to meet major milestone
1.Failed nuclear projects cost National Grid £137 million
1. Sellafield fined after worker exposed to eight times the annual limit of plutonium
1. MAGNOX announces new CEO
In the Spring Statement 2019, the Chancellor of the Exchequer, Philip Hammond MP, announced that the UK is going to shift towards low-carbon heating.
1. EDF faces pushback on plans for new nuclear in Suffolk
1. Public perception of nuclear revealed in Yougov poll
1. The Business, Energy and Industrial Strategy Committee launches an investigation into the future of UK energy infrastructure