MediaResponding to the news that the Sizewell B nuclear power plant will remain operational until 2055, Sam Richards, CEO of pro-growth campaign group Britain Remade, said:
“Unlike the recent renewable energy price caps which risk locking us into higher bills for longer, extending the operational life of Sizewell B is a no-brainer. The deal will mean reliable power at £70.50/MWh from a plant that is already connected to the grid and does not need vast new backup, storage or transmission to make it work.
“Since Sizewell B was switched on in 1995 it has produced 243.6 Terawatt hours of clean, reliable, always on energy - enough electricity to power more than every home in London for 30 years. Its cost of roughly £7bn in today’s money is a far cry from Sizewell C’s projected cost of £38.2bn.
“Britain can build new nuclear cheaply, we’ve done it before and we can do it again. That’s why it’s essential that the Nuclear Regulation Bill announced in the King’s Speech cannot become an afterthought in the transition between Prime Ministers.”