{"id":8506,"date":"2019-07-31T17:10:00","date_gmt":"2019-07-31T16:10:00","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=8506"},"modified":"2019-07-31T17:10:00","modified_gmt":"2019-07-31T16:10:00","slug":"new-nuclear-paid-front","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=8506","title":{"rendered":"New nuclear to be paid for up front?"},"content":{"rendered":"

\"\"<\/a>New nuclear to be paid for up front by consumers?\u00a0 The UK government’s determination to build new nuclear against all the facts never ceases to amaze me.\u00a0 It seems implicitly that the government accepts that Hinkley Point C was a bad deal in which the consumer is going to pay dearly during its lifetime and I would argue footing the bill for the cleanup and waste.\u00a0 But far from giving up the government is pressing on trying to get the rest of the so far failed schemes off the the ground.<\/p>\n

The latest wheeze out for doing this is the so-called \u201cregulated asset base\u201d, or RAB model.\u00a0 This model is being used to construct the super sewer under London and has been criticised for giving excessive money to shareholders whilst landing the consumer with higher water bills.<\/p>\n

How does it work?\u00a0 Well get your head around this.\u00a0 The consumer pays in chunks for the construction up front.\u00a0 Sounds alright doesn’t it?\u00a0 But there’s more so read on.\u00a0\u00a0 The next question is what happens when as always does costs of nuclear construction soar?\u00a0 No problem, at least not if your EDF!\u00a0 The government i.e the taxpayer underwrites the extra costs!\u00a0\u00a0 OK so the next question that would be on most peoples minds is of course….\u00a0 costs soar so much that the new plant becomes untenable.\u00a0 What then?\u00a0 That’s easy, you’ve guessed it.\u00a0 We the taxpayer pay compensation to EDF or whoever it is to withdraw.\u00a0 What could possibly go wrong?<\/p>\n

The National Infrastructure Commission a quango set up by the government to advise on big infrastructure project think the whole idea is a disaster.\u00a0 In fact they seem to have changed their tune on nuclear and think that renewables are so much cheaper we shouldn’t bother with it.\u00a0 What’s in it for the developer?\u00a0 We pay the construction costs, they make the profits.\u00a0 We, or our great-grandchildren will have to sort out the waste issue and supposedly we get cheaper electricity than would otherwise be the case.<\/p>\n

New nuclear to be paid for up front?\u00a0 No thanks.\u00a0 There is a consultation here<\/a> if you are interested.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

New nuclear to be paid for up front by consumers?\u00a0 The UK government’s determination to build new nuclear against all the facts never ceases to amaze me.\u00a0 It seems implicitly that the government accepts that Hinkley Point C was a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[269,74,49],"class_list":["post-8506","post","type-post","status-publish","format-standard","hentry","category-nuclear","tag-climate-change","tag-energy-costs-2","tag-nuclear-power"],"yoast_head":"\nNew nuclear to be paid for up front? - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=8506\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=8506\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=8506\",\"name\":\"New nuclear to be paid for up front? 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