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UK strikes deal with private investors to build £38bn Sizewell C nuclear power plant (www.theguardian.com)

submitted 19 hours ago by Davriellelouna@lemmy.world to c/unitedkingdom@feddit.uk

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[–] TheGrandNagus@lemmy.world 2 points 18 hours ago

That is a staggering price, but unfortunately it's needed. We can't keep using gas as a base load forever, and batteries are not ready, we don't have that kind of capacity.

Costs for nuclear have spiralled because we stopped investing in it a long time ago, and we lost expertise on how to build it. Thanks, Thatcher. Truly you are the gift that keeps on giving.

[–] Flagg76@lemmy.world 2 points 18 hours ago

So it will cost 50+ billion the tax payer has to cough it up, the build will take twice as long, then the private companies reap the benefits and profits, and if things go wrong the British government (taxpayers) is left with the bills and clean up. It will start producing 5 years later than planned and has to be shut down 10 years earlier than anticipated.

It's going to be beautiful.