News commentary and predictions of political trends and what the future holds

Nuclear Inflation

January 30, 2008

“The cost of decommissioning Britain’s 19 ageing nuclear plants has jumped from £61bn to £73bn in two years and could land the taxpayer with even higher bills in the future, a report by the National Audit Office reveals today.”

What? How? Why? Is the cost to the taxpayer of the nuclear industry figured into the real costs of this energy source. Put another way, this kind of cost differential when its not exactly a moving target, is £12bn.

So, the cost of decommisioning goes up by 10% per annum. The UK had better get cracking before they can not afford to do it.

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