No need for subsidies says British Energy
Nuclear plants can be built without subsidy British Energy (BE) insisted this month.
The company has indicated it would be interested in building and operating a new generation of nuclear power stations provided it had long-term contracts for their output at guaranteed prices.
Bill Coley, British Energy’s CEO, said potential investors would need “price certainty” before committing to funding. Coley was speaking as, only a year after receiving a £5bn rescue package from the government, the company announced full-year profits of £599m for the year ending March 2006 –
Recommended Reading
National Grid secures land for what could be UK's largest substation
The proposed Tees Dock substation would provide more than 1 GW of contracted electricity connection capacity and could become UK's largest.
Electrical Review to examine Britain's growing reliance on subsea electricity cables
Electrical Review is set to host a virtual Briefing on November 25, where it'll explore whether the UK is prepared to rely on a growing subsea grid.
Grid readiness among UK's biggest energy infrastructure barriers, report finds
New research finds 59% of UK energy leaders identify grid readiness as a delivery barrier, while investment uncertainty is holding back projects.