UK Government Rigging Energy Market.
By Anne Lewis-Schneide.
The British Government has been accused by a UK green energy boss of being biased towards nuclear energy over green renewable energy sources. This comes after an announcement by government that communities set for new nuclear plants will receive £1000 per MW in benefits for up to four decades, which will come from the operators of these new power facilities. There are eight new nuclear plants planned for England and Wales and these benefits will come into being once the new plants are operational.
To the community of Hinkley Point in Somerset, where EDF wants to erect a new plant this could mean benefits of around £128 million. British government have been accused of rigging the energy market at the expense of renewable energy sources which have been told they should pay £5000 per MW in community benefits, five times more than the benefits payable by new nuclear plants.
UK Business and Energy Minister Michael Fallon has said that these new plants will have an important role to play in the planned energy strategy, and that it is essential that contributing communities that host these new projects should be compensated and recognised. He went on to say that the package was in the interest of local communities, who will manage it in the long term, maximise benefits to the community. Mr. Fallon also stated that the benefits are proportionate to the size and lifespan of the new power stations and that it would build on the major economic benefits in terms of jobs, investment and the use of local services.
Dale Vince who is the founder of Ecotricity, which is a renewable energy company formed in 1995, providing residential electricity produced by solar and wind farms, has slammed the announced proposed nuclear compensation, and has said that it is a move by government to rig the energy market in favour of gas and nuclear energy, over renewable energy projects. Mr. Vince stated that nuclear is being rushed through the planning system, and would only pay a fifth of the benefits paid by wind power, and that furthermore government should be levelling the playing field for competition, instead of choosing energy industry winners. Dale Vince has asked the question whether government is really trying to say that the impact of nuclear power on the environment is a mere one fifth of that of wind power.
Head Office: EATON HOUSE, STATION ROAD, LEEDS, LS20 8XB Company Registration: 4704157 Vat Registration: 817013852