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UK.GOV brings Brit Energy Market into line with: No-Coal, All Nukes = Low Prices

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Author Topic: UK.GOV brings Brit Energy Market into line with: No-Coal, All Nukes = Low Prices  (Read 426 times)
Jonnie Goodboy
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The Gulag Archipelago, - had 'Paradise Islands'.

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« on: May 24, 2012, 11:48:33 am »

UK.GOV.NUKE.PLC announces biggest energy reforms in 20-yrs
Tuesday 22 May

The biggest reforms to the UK energy sector in two decades were set out on Tuesday, prompting warnings from consumer groups and green campaigners that they would raise bills and penalise renewable energy while boosting nuclear power.

A New 'Nuclear Subsidy'? ... Sellafield ~('The Dirty Old-Man of Europe') Nuclear Power Station,  in Cumbria. Producer of weapons grade PU239, Spent-Fuel Rods storage and shipping re-cycle-centre, & "most radioactive site in the world", after Fekyoushima.

The sweeping reforms, detailed in the draft energy bill, grant the government powers to intervene in the market on a scale not seen since the industry was privatised.

Under the changes, low-carbon generators including nuclear companies will receive a fixed price for their energy that should be higher than they can sell it for on the open market, and ministers will create a "capacity market" to ensure a reliable supply of power and prevent blackouts.

There will be a minimum price for carbon dioxide emissions, and an emissions performance standard that will in effect stop any coal-fired power stations being built without technology to capture carbon.

The reforms will mean major changes to the way the market is regulated, and the way utilities and their smaller rivals operate.

Ed Davey, the secretary of state for energy and climate change, said the reforms would help to bring forward the estimated 110bn in private-sector investment that will be needed for new low-carbon energy capacity, and that they could generate as many as 250,000 new jobs.

"Leaving the electricity market as it is would not be in the national interest," Davey said, noting that a fifth of the UK's current ageing power stations are likely to come out of service by 2020. "If we don't secure investment in our energy infrastructure, we could see the lights going out, consumers hit by spiralling energy prices and dangerous climate change. These reforms will ensure we can keep the lights on, bills down and the air clean

All  I can say is: "I'm glad I'm 50% Silicon and 25% Galenium Arsenide! (Only Carbon).
Please Sir, Can I have more Sir?"

« Last Edit: May 24, 2012, 11:53:36 am by Jonnie Goodboy » Report Spam   Logged

"When the righteous become many, the people rejoice; but when anyone wicked bears rule, the people sigh".
Prov 29:2

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