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Energy firms in secret talks on nuclear ‘levy’

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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-16-09 11:16 AM
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Energy firms in secret talks on nuclear ‘levy’
Source: Sunday Times (UK)

Taxpayers may be forced to subsidise Britain’s nuclear renaissance through a levy tacked on to household fuel bills under plans being developed by the energy industry.

Utility executives have told ministers that their pledge not to use public aid to fund the the £40 billion rollout of new nuclear power stations is no longer realistic.

The levy is one of several proposals tabled. Talks about how to structure an aid mechanism are at an early stage, but there is a consensus in the industry that without help the new power plants will not be built.

<snip>

Industry sources said, however, that talks had begun on how to devise “a subsidy by another name” that would allow the government to stand by its promise of no direct taxpayer support.

<snip>

Read more: http://business.timesonline.co.uk/tol/business/industry_sectors/utilities/article6797809.ece



The "nuclear renaissance" is in financial meltdown before it even started.
It just keeps getting worse.
Now they're talking about a secret tax.
You can't trust the nuclear industry.
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