Belfast Telegraph

Security of supply yes... but at a price

By John Simpson

The decision to build the first new nuclear power generation plant in England is the beginning of an overdue investment programme.

Industry is worried that nuclear energy will do nothing to reduce the price of electricity in Great Britain. The quoted wholesale price guaranteed to EDF should be more acceptable once it is 'onstream' in the future. This development, along with plans for an international electricity grid linking Ireland, Britain and France, is a large step towards offering a more secure supply.

Will nuclear energy in Britain mean lower prices here or in Britain? Probably not. It does, however, improve the prospects for greater long-term stability in supplies and prices.

Belfast Telegraph