UK nuclear generators to pay "full share" of costs of new projects

8 January 2008 - The UK government has insisted that the full costs of waste disposal and decommissioning from a new generation of nuclear power stations will be met from nuclear generators' revenues, according to newspaper reports.

A new era of nuclear power is expected to get the go-ahead on Thursday when the government publishes the results of a second period of public consultation on the issue.

According to the Financial Times, a spokesman for Prime Minister Gordon Brown said private companies would pay their "full share" of the costs of the new projects.

"We have always been clear that if the government decides new nuclear should be an option, operators should set aside funds for their full share of the cost of the long-term management of waste and the full cost of decommissioning," said the spokeman at the Department of Business, Enterprise and Regulation (DBERR).

London said it would collect fees from the power companies, which will build up a fund to pay for the costs of decommissioning and waste management. This fund should be comfortably in excess of the relevant costs, said DBERR.

The government will still pay for a large new nuclear waste vault, which will be used to store "legacy" waste from past nuclear power generation. Nuclear generators would pay to lease space in the vault.

If this vault had to be extended or enlarged to house waste from the new nuclear reactors, this would have to be funded by the energy companies themselves, DBERR said.

A large sum will also be paid to the local community around the new waste repository, although the government has dismissed as inaccurate a figure of £1bn ($1.97bn) suggested in one newspaper. Sellafield in Cumbria is widely seen as the most likely site, although its geological suitability has been challenged.

Sponsored by FLSmidth

Related Articles

Nebraska nuclear plant back online after short outage

The Fort Calhoun nuclear power plant is back online less than a week after its main generator unexpectedly shut down as a precaution.

TEPCO completes nuclear fuel assemblies removal from Fukushima 4

Tokyo Electric Power Co. (TEPCO) said it has safely removed the fuel assemblies from the most damaged nuclear reactor at the Fukushima Daiichi nuclear power plant.

Follow Power Engineering on Twitter
Latest News

On the day after MATS decision, Bernstein sees only a limited reprieve for coal units

In light of the U.S. Supreme Court ruling against the EPA's Mercury and Air Toxics Standards ...

Pence says Indiana will not comply with coal plant regulations

Indiana will not comply with President Barack Obama's plan to battle climate change by requir...

Westermost Rough offshore wind park enters operations

The 210-MW offshore wind power plant, Westermost Rough, has entered operations. The project w...

Duke Energy to upgrade energy storage system at Notrees Windpower Project

Duke Energy (NYSE: DUK), Samsung SDI and Younicos will work together to update Duke Energy's ...

Wisconsin Energy acquires Integrys, forms WEC Energy Group

Wisconsin Energy Corp. successfully acquired Integrys Energy - forming the WEC Energy Group (...

Regulator rejects Iberdrola plan to buy Connecticut utility

Connecticut regulators have taken a step toward rejecting a plan by Iberdrola, Spain's leadin...

Largest Southern Co. subsidiary enters rooftop solar market

The largest Southern Co. subsidiary will start selling and installing solar panels on homes W...

Wisconsin Supreme Court upholds wind turbine rules

The Wisconsin Supreme Court upheld the state's wind turbine construction rules Tuesday, sayin...

Power Engineering Current Issue

Volume 118, Issue 3
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Product Listings

Nondestructive Examination and Testing

Advanced nondestructive examination, NDE, techn...

Engineering Services

Structural Integrity Associates, Inc. (SI) is a...

Buyers Guide Company Listings

Power Industry Wire News

SafeWorks Acquires DualLift GmbH (DL)

SafeWorks Acquires DualLift GmbH (DL)

NuTech Energy Resources Debuts Trading on OTC Markets

NuTech Energy Resources Debuts Trading on OTC Markets

Envision Solar's EV ARC(TM) Is Featured at the International Parking Institute Conference and Expo

Envision Solar's EV ARC(TM) Is Featured at the International Parking Institute Conferen...

MyDx to Host Virtual Roadshow on July 15, 2015

MyDx to Host Virtual Roadshow on July 15, 2015

EnerJex Resources Declares Monthly Cash Dividend on 10% Series A Preferred Stock

EnerJex Resources Declares Monthly Cash Dividend on 10% Series A Preferred Stock

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>