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Taxpayers May Face £15 Billion Bill For New Nuclear Power Stations

TAXPAYERS face a £15billion bill for new nuclear power stations, a former Government adviser has warned.

The Tory-led Coalition wants to go ahead with 10 reactors, despite Lib Dem ­opposition before the election.

Deputy PM Nick Clegg insisted this week there would be no public subsidy for the power plants but Ian Jackson, an expert on the Committee on Radioactive Waste Management, believes they have miscalculated.

The plans state energy firms who build and operate the stations must meet the cost of handling uranium waste at a price fixed in advance.

But in a report for Greenpeace Mr Jackson said the estimated “Waste Transfer Price” of £1billion per reactor is out by £445million – and with 10 reactors to pay for, taxpayers will end up forking out £4.45billion to make up the shortfall.

And he says we must find an extra £11.2billion in subsidies because the maximum price cap on all other costs has also been underestimated.

The figures do not even take into account new safety considerations in the wake of the Japanese tsunami.

Dr Doug Parr of Greenpeace said: “They have a dirty £15billion secret.”

The Mirror, 1 April 2011


Taxpayers Face £12 Billion Clean-Up Cost Of Nuclear Sites

The Times, 31 March 2011

The scale of the nuclear clean-up from the first generation of Britain’s atomic reactors will be put into sharp relief today as £12 billion of taxpayer funds are earmarked to be spent over the next four years.

The Nuclear Decommissioning Authority is expected to announce a new plan for the next financial year of £2.9 billion and a further £9.1 billion in the following three years.

The plans to be unveiled will focus on the clean up of Sellafield and decommissioning magnox reactors around the country. The level of spending comes as politicians take stock of Britain’s commitments to build new reactors in the light of events at Fukushima after the earthquake in Japan.

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