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which is pertinent to the subject :

New report says there are five major areas of risk in putting money into new nuclear plants
According to a new report from the Energy Fair group (PDF), anyone considering investing in new nuclear plants faces five major areas of risk: market risk, cost risk, subsidy risk, political risk and construction risk.

By the time any new nuclear plant could be built in the UK (2020 or later), the market for its electricity will be disappearing, regardless of any possible increase in the overall demand for electricity. The tumbling cost of photovoltaics (PV) and the falling costs of other renewables, with the likely completion of the European internal market for electricity and the strengthening of the European transmission grid,
means that consumers, large and small, will be empowered to generate much of their own electricity or to buy it from anywhere in Europe -- and this without the need for subsidies. Explosive growth of PV is likely to take much of the profitable peak-time
market for electricity. And there will be stiff competition to fill in the gaps left by PV, from
a range of other sources, many of which are better suited to the gap-filling roll than is nuclear power.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Tue Mar 27th, 2012 at 11:31:23 AM EST

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