In reaction to the Electricity Capacity Market Notice issued by National Grid ESO, Tom Greatrex, Chief Executive of the Nuclear Industry Association said,
“The UK continues to be at the mercy of volatile gas markets, which is driving up emissions and bills. Paying upwards of £4000/MWh for electricity is unsustainable and unaffordable and the repeated warnings over our power supplies underline the urgent need for new nuclear capacity alongside renewables. We need a solid foundation of reliable, always-on, emissions-free power to protect our energy security. Without it, prices will continue to rise and decarbonisation targets will be missed.”
Notes to Editors
- Daily balancing costs are available from LCP Energy at https://twitter.com/lcpenergy?lang=en and further information on spot prices at https://thecurrent.lcp.uk.com/.
- The UNECE says nuclear has the lowest lifecycle carbon of all technologies and the lowest land use and lowest mining and metal use of all low carbon technologies.
- The UK has six generating nuclear power stations, providing around 16% of the country’s electricity.
- Nuclear has saved the UK 2.3 billion tonnes of carbon emissions, far more than any other source. The saving is equivalent to all UK emissions from 2015 through 2020.
- Three stations will retire by March 2024, and all but one will retire by 2030.
About the Nuclear Industry Association
As the trade association for the civil nuclear industry in the UK, the Nuclear Industry Association represents more than 200 companies across the UK’s nuclear supply chain.
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Media & Communications Manager