Dr David Toke, Senior Lecturer in Energy Policy, University of Birmingham, has entered the Financial Times’ debate about whether subsidies should go to nuclear power or renewable energy.

His latest book 

He points out:

“Renewable developers do not get their construction cost overruns underwritten by government. If the nuclear industry is asking for additional layers of subsidy compared to that given to renewable developers, the nuclear industry is tacitly admitting it is less cost-effective than renewables.

“The danger is that nuclear developers may be offered unlimited subsidies to cover any construction cost overruns and that this will be hidden in “commercially confidential” contracts given to them. This would amount to the government giving nuclear constructors a blank cheque on electricity consumers’ behalf.”

Dr Toke calls for such moves to be made public rather than, as in previous funding streams for nuclear power, hidden from us until it is too late to complain. 

Read more in his blog.

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