Today the British Government are announcing the construction of the first new nuclear-powered electricity generating station in 20-years. The new plant, which will replace plants that will close will go up at Hinkley Point, and will be constructed by a French firm, with significant Chinese investment, and with a promised subsidy from the Government. It won’t, however, start producing electricity until 2023, and even then only if everything goes well. Euan Mearns has been pointing out some of the problems that the country faces as it closes existing power stations in order to meet environmental directives from the EU. The long-term supply of power at an affordable price is being increasingly challenged as the margin between demand and available supply shrinks. The leader of the Labor Party is promising that prices will be fixed by edict, an action that is unlikely to encourage investment at a time when it […]