The right is trying to give the existing reactors a massive windfall profit. What you need to bear in mind is that this is a coalition government that will fall if the LibDems withdraw.
...The energy secretary's speech was emphatically critical of the industry in the UK, with his office describing the speech as "full and frank" about the historical failures of British nuclear power.
"Never again. This government is determined not to pay for the present by mortgaging the future. We are determined to do the right thing for the long term. On governance, regulation and financing, we must show that we have learned the lessons of the past. We will make provision for future costs now, and pay down our decommissioning debt."
However, in the past few weeks Huhne's own party has hardened its position on new nuclear power, putting pressure on the climate change secretary to begin a fresh battle with the Treasury.
Liberal Democrat activists believe the coalition's forthcoming carbon floor price – due to come into effect from April 2013 – will give a £50m "windfall" to nuclear power.
The carbon floor price was designed to ...
http://www.guardian.co.uk/environment/2011/oct/13/huhne-uk-nuclear-policy-failure?newsfeed=trueAccording to Citigroup's analysis, if Britain pursues the goals it has set for energy efficiency and renewable energy the proposed nuclear plants will have a market for only 56% of their product:
"There are currently 10GW of nuclear capacity under construction/development, including the UK proposed plants that should be on operation by 2020.
If we assume that energy efficiency will not contribute, that would imply a load factor for the plants of 18%. Looking at the entire available nuclear fleet that would imply a load factor of just 76%. We do believe though that steps towards energy efficiency will also be taken, thus the impact on load factors could be larger.
Under a scenario of the renewables target being fully delivered then the load factor for nuclear would fall to 56%. "