Why bother with oil? Most of the spare capacity is gas and
this new supply would happily fill the gap we have.
You know, all that new supply that was not supposed to be there prior to the Independence referendum.....
Is it any wonder Labour and Lib Dems were punished so heavily in the UK elections? They are also going to be massively punished in the Scottish elections this year too....
This was always on the cards. All over the EU and, mainly, the world, they have been re-categorising the existing reactors for extended use. It's interesting that production of new reactors is larger than the net worth of the energy companies. It is no surprise that governments had to build them in the first place. Very few companies have the capital and resources to build them without massive state support.
If you look into the propositions for the new UK nuclear, there was a guaranteed "strike price" for the power of around £90 per megawatt hour. That's wholesale. Currently that is around £45, customers pay around £80 -£90 and those prices are declining with the fall in the price of oil and gas...
Let's face it, if nuclear is our salvation then the government is going to have to build them and then partner with the utilities to operate them. Just as France did in the first place....