The UK’s existing nuclear stations have saved £110bn worth of carbon at current prices, according to new analysis by the Nuclear Industry Association. The figure is based on the 1.4bn tonnes of CO2 emissions saved by the AGR stations and Sizewell B, making them the greenest assets in British history.
The emissions saving is worth £110bn at today’s carbon price of £78.86 per tonne. As the UK heads towards net zero the carbon price is only projected to rise steadily.
Nuclear is also currently the cheapest source of energy on the market with the stations providing electricity at £45/MWh. This at a time when spot prices for gas-fired electricity have hit £4000/MWh.
The analysis comes as the business secretary, Kwasi Kwarteng, visited Sizewell B and the proposed site for the Sizewell C station in Suffolk, which has received £100m in government funding to support its continued development, marking a big step forward for the project.
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