NIA reaction to energy price cap rise

In response to the rise in the energy price cap, Tom Greatrex, Chief Executive of the Nuclear Industry Association, said;

“Energy prices are high because gas prices are completely out of control. We’ve known for years that we need to cut our fossil fuel dependency in order to keep energy costs down, to cut expensive imports and strengthen our net zero ambitions. That means urgently investing in firm, low-carbon nuclear along side renewable investment to deliver the clean, sovereign power we need. Nuclear is good for our pockets and for our planet.”

-ENDS-

Notes to editors

• The UK’s nuclear power stations are currently producing electricity at £45/MWh. Spot prices for gas-fired electricity have hit £5000/MWh during the crisis.
• The United Nations Economic Commission for Europe (UNECE) confirms that 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 power has saved the UK 2.32 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.