Nuclear developers press for ‘prompt’ decision on new UK plants

FINANCIAL TIMES 🔒| Britain’s nuclear energy industry has said it could cut the price of power from new large power stations by more than half as it presses ministers for a “prompt” decision on government financing to support construction.

A report from the Nuclear Industry Association claims that the next generation of plants could be delivered at a cost to the consumer of £60 per megawatt hour, and subsequent reactors for as little as £40/MWh, if the government can agree a financing mechanism to cut capital costs, which account for about two-thirds of the total bill.

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